As far as Rey's booking as champ.....you said it wouldn't make sense to book him as dominant. Ok. But "dominant" and "getting squashed" are not the only two options. Rey was squashed on TV multiple times in his first month as champion. That just wasn't a good idea IMO. It killed his credibility as champion immediately. How about let him tear the house down with Angle and Benoit and barely pull out the wins? That gets him over with everyone right away. There was no good reason to book him against all the monsters on the roster and have him get squashed in short matches. As far as other titles....I remember Rey winning the WWE title and losing it like the next night at the time when Punk was away and was looked at as the "real champion". Not really something to hang your hat on. And he won the World Championship and held it for a few weeks a few years later, at a time where the title had clearly become looked at as a secondary title.