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He doesn't downplay ECW. He specifically says ECW worked because it wasn't real competition and didn't try to be.
I think the point he was trying to make with the title lineage issue was just the main example of a bigger issue. It wasn't just the titles specifically. It was all wrestling history being part of WWE now. Everything in WCW and ECW that lead to the wrestling boom now all leads to WWE. That's what gives WWE such an insurmountable advantage. It just... is wrestling.
The ideas of TNA taking wrestling out of it's comfort zone and just saying "fuck WWE and it's tradition" and doing something so out of the ordinary while still keeping key elements of pro wrestling may have just been the way to go. It's what ECW did to an extent. For example, maybe instead of titles, treating it more like a legit sport where you spend all year working toward a tournament where one champion is crowned at the end (and maybe doing the same for a tag division and a women's division) is the way to go. Through all that you can still work in storylines and stuff but it would be innovative and you wouldn't be trying to compete with WWE and all their history. You'd be making your own.
I would definitely watch a promotion like that assuming it was written and structured well.
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