I'm with you on this one. I find the way that WWE has been booking midcard championships to be rather depressing as they aren't getting the prominent storylines that they deserve that should make them valuable entities in the midcard division. I don't find enough faith in them to do any justice for the Cruiserweight title at all.
If the WWE Network ever gets off the ground, then i can definitely see this happening.
Probably don't need the WWE Network. One of WWE's allies is at the top of NBCU now, almost - as far as TV goes. Plus they just signed a deal with Yahoo, which is reportedly going to feature two new weekly shows.
Ballad of an Asshole
Current RTE Tag-Team Champion(w/ Xavier Hightower)
Seraphim/'Father' Black Angel: Preacher of the Voices
Winner of BotN
Lord Joseph Pythonicus, Archduke of the Black Coast and Lord of the Serpent Port.