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Frankly, the only reason the CW division has become a stigma is because of how they've handled it. It's a sort of Catch-22... they screw the division up, so you don't want to be in it, and because it's screwed up, the excuse is to can it.
On the other hand, if they booked it well, it'd be an honor to be in it. Heck, look at the US Title... Cena's built that thing up so damn well that whoever beats him probably will look very impressive. In any case, for a few months, the US Title scene looked a heck of a lot more prestigious than JBL's title.
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