I personally have enjoyed Cody's transformation thus far, and he is deserving of the IC title.
Personally though, Cody himself cannot restore this title to its rightful place. In order for this title to be relevant again, the WWE has to put more in to it. There needs to be good storylines built around the title, and more importantly there has to be great wrestling matches. If you have those two ingredients you can rebuild prestige for any title. There are few wrestlers that can build a title just off of name alone. The last IC champ who could do that was Chris Jericho, but even then he was having great matches and feuds.
Cody Rhodes could potentially help the IC title, but the rest of the middle card need to step their games up. If they put on high quality matches on a consistent basis, the title will begin to mean something. I am cautiously optimistic because I thought Wade Barrett was a good choice to be Champ but he lost steam quickly too.
Personally though, Cody himself cannot restore this title to its rightful place. In order for this title to be relevant again, the WWE has to put more in to it. There needs to be good storylines built around the title, and more importantly there has to be great wrestling matches. If you have those two ingredients you can rebuild prestige for any title. There are few wrestlers that can build a title just off of name alone. The last IC champ who could do that was Chris Jericho, but even then he was having great matches and feuds.
Cody Rhodes could potentially help the IC title, but the rest of the middle card need to step their games up. If they put on high quality matches on a consistent basis, the title will begin to mean something. I am cautiously optimistic because I thought Wade Barrett was a good choice to be Champ but he lost steam quickly too.