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Nope.
Most likely all that would happen is the WWE still only focuses on the main event and just the same few guys while the IC/US division doesn't get the boost in focus or gets flooded with too much talent.
At least with two main belts, the WWE's focus on the main event usually meant Smackdown did a better job rotating guys in the title scene or experimenting with new guys to see who would be future stars. RAW had less people rotating but it didn't lead to a better US title division.
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