Jim Cornette stepping down is a decision any actual ROH fan agrees with.
Davey Richards stated during his shoot DVD he loved Jim Cornette, hes thought him a lot, but Cornette's style of booking and vision for the company is outdated. Last year Dan Severn was included in a storyline between Richards and Eddie Edwards, what a lot of fans expected to be a great wrestling match ended up getting a fusion between MMA and wrestling, it sucked very hard. You'll hear some people joke whenever Richards hits the ring that he's here to bring some "AMERICAN STRONG STYLE!"
Kevin Steen's reign as ROH World Champion has been good, but not booked correctly. Their booking him as "Wrestling's Worst Nightmare" but the only person he actually upsets is Jim Cornette. Hes threatened to destroy ROH and build it in his own image yet hes done nothing to actual destroy it. What ACTUAL Ring of Honor fans know is that if this was Gabe Sapolsky or Adam Pearce they'd have had Steen actually trying to tear the arena apart if they could, because when they built someone as something it had actual meaning.
Kenny King left and complained about the booking. Jim Cornette let EL GENERICO's contract expire and leave the promotion, he let COLT CABANA's contract expire and leave the promotion despite the fact Colt is one of the most over if not the most over talent on the independent circuit - how many indy guys have had their name chanted by 20,000 people at a WWE live event? Sure he made some good decisions, bringing in Lance Storm, using Jerry Lynn, signing World's Greatest Tag Team, but the bulk of what he did wasn't what made Ring of Honor what it was.
And discussing who draws and who doesn't is exactly what ROH stood against. We don't care. For several years ROH produced the best wrestling and to a degree it still does, not to the standard it used to, but it does. The television show started off crap and they've improved it, not only the matches featured, the structure but thankfully the production level too. The iPPV's are an issue and the sales have dropped rapidly, but to the person who labeled TNA as "consistent" above, ROH's Final Battle 2010 drew more buys than any TNA PPV that year. Asides from BFG, Final Battle 2011 drew more buys than every TNA PPV that year, Dave Meltzer recently went on a tangent about how ROH's iPPV sales have dropped to half of what they used to be.
All negatives aside, Delirious has already showed signs that the boat is turning around. Steen vs. Generico in a Ladder War is booked for Final Battle 2012 next month, Jerry Lynn is returning, three-way tag team match which ROH is synonymous for, Richards and Edwards are expected to reunite, not to mention it's going to do what ROH does best, showcase the best young independent wrestling talent North America has to offer e.g. Adam Cole, Michael Elgin, Kyle O'Reilly and so on so forth.
Cornette being demoted is good, because Richards and Steen were right, Cornette is outdated.