I like the current WWE product because it seems to be back to how I watched wrestling as a kid. Where we had definitive good and bad guys. Where the action was in the ring more than out of it. Sure, the Tag Division and Divas could be improved a lot more, but at the same time they give you the opportunity to cheer the heel or boo the face.
As for watching TNA, I have once more since James Storm won the TNA World Title. Been enjoying what I see since then, but they have been slowly going back to what I disliked about TNA: Focusing on a "Takeover" Group that aren't really threatening, more focus on non-TNA wrestlers, referencing things that makes you want to watch old wrestling that the WWE owns, etc.
There are still good things: Dark AJ (since he hasn't really established heel/face yet), Matt Morgan (who made himself into something from what the WWE did with him (practically nothing)), the wrestling and promo work in general (loved the one where Jesse gives Terra a pep talk with a Angelina toy) and others. If TNA could make the right changes they could become the threat to WWE.
Though I wish the Super Events of the days before my time were still around. Imagine the idea of TNA and WWE working together for a one time yearly event. Or like how ECW's relationship was with WWE and/or WCW.