What I think about it is that WWE is trying to keep every fan happy, be it a casual one or hardcore.
How? By giving them various options to opt from. If you don't like Raw, watch Smackdown. If you don't like Smackdown, watch NxT. If you don't like NxT, watch 205 Live. If you want to watch non-wrestling show, then you have Total Divas and Bellas too.
If you don't like any of weekly programming, then watch bi-weekly PPVs. If you don't like to watch many PPVs, just watch the dual-branded PPVs. Or just watch Wrestlemania itself.
No WWE? Then TNA. No TNA? then RoH. It just continues. They're just trying to make us a permanent viewer.
So in nutshell, it's good that we are getting multiple options. Variety is good.