If the only thing that makes a fued interesting is a title belt then maybe the fued shouldn't be going on.
DX vs. E&O and DX vs. McMahons had nothing to do with belts but were interesting.
Thats all I care to think of off the top of my head but I could go on if you wanted me to. Instead of inventing new titles they should concentrate on the ones they have. RAW has a women's title that gets no love. They should hire some strong female wrestlers, or abandon the division and then introduce a new title. Adding the Euro title would mean 5 titles on a 2 hour show. Just respect the titles already present I say.
Same for SD!
ECW could use another title, I do agree on that point. Just a TV title or something. I don't think it should be the hardcore title because WWE hardcore matches weren't very good, so that name has a negative meaning to me. If they have a TV title and simply defend it under extreme rules, i personally would like that better.