Once this PPV is over it'll be time for The Bash. So I don't think it'll end the Y2J/HBK feud. But if anything the IC title will hold the feud down. It's not like HBK would do anything with it if he did win. It's also not like Jericho does anything with it now.
Thats just it. Chris Jericho is truly a midcarder through and through, and for whatever reason hes still trying to compete in Main Events. Hes only Main Event worthy, when its in an Elimination Chamber type match, or a 4 or more man match.
The only way I see this match being for the Intercontinental Championship, is if they either wanna push Jericho over Shawn Michaels.. in an attempt to also make the Championship look stronger, since it'd be defended against a Main Eventer and retained.
Or, if they give it to H.B.K., then I see them trying to repeat what they did (ironically) with Triple H. back in 2001.. when he won the Intercontinental Championship. As that was considered a step back for H.H.H., yet since he was (then) paired with Austin (who was World Champion) it made sense. Whereas now, if H.B.K. wins the title.. it'll just look strange and out of place.. again, short of them thinking of feuding H.B.K. with tons of midcarders, like Jeff Hardy, M.V.P., Mr. Kennedy, Paul Burchill & John Morrison.
And I'm almost 90% (if not more) sure, that Shawn Michaels will NOT wanna take part in tons of midcard level feuds.
I suppose Y2J could face some random wrestler at NOC, and then have HBK cost him the title. But I just see this happening at Raw instead. Like you said Will. It si the draft show, and these 3 hour Raw's usually have surprises. It's not like the title changes hand at PPV's anymore anyway.
While I agree that Championships normally change hands on televised shows anymore than p.p.v.'s.. (except the World titles) I still think the Draft combined with that Million Dollar crap is going to be huge enough. I would say this much.. if Jericho is fighting Kennedy, or Hardy.. expect a title change. If not, then don't.
I'm banking fully on the draft bringing over our next Intercontinental Champion. As they'll wanna push someone from the draft move in-line for a Championship. Since the Intercontinental Championship isn't doing anything.. it might as well start being passed around. People love title changes. Might as well give them some.