I will call myself an admirer from afar. Yes, there are certain things that are great about the bra and panties match, but there are also things that I kind of don't like.
Yes, the B&P match is fucking great... Because it's women getting undressed. Read: Hot women getting stripped to their next to nothings. How could I not love that? Seriously, it's the greatest tool that you'll ever use to attract male fans. It's one of the greatest things the WWE could do... Offer the women, which are quite voluptous, getting stripped down to their underwear, most of the time for free. How could you not love that?
From a wrestling standpoint? Well... It's what allowed women like Debra and The Kat to have Women's Championship reigns, and brought usd to a point in which women's wrestling is completely irrelevant. When Vince prepared to center his division around these sorts of matches, he started to look less for wrestlers in his women as much as women to ogle at. Sure, you had women wrestlers like Trish and Lita, but otherwise, the Divas division was stacked with ladies like Torrie, Dawn Marie (as much as I love Dawn), Terri, and other such tremendous workers. Sure, it was great to look at, but the matches didn't really stand for match. Next thing you know, Vince started to hire more of his wrestlers in a similar matter. Sure, some women could wrestle, but more or less Vince began to hire his women for T&A.
Today... Well, Vince can't have these sort of matches. What with his PG movement, there's no way a B&P match would fly, even with the alterations The Lariat is suggesting. Because these women can't work, the matches are reprehensible, and we can't enjoy them nearly as much.
You ever notice something about TNA? They've obliterated every single gimmick match, except for the Bra and Panties. Why? Because while some of their women may seem a bit less aesthetically pleasing, they realize they have great workers. WWE did not have that sort of foresight process.
So again... I'm a bit of a friend afar