This was reported weeks ago, not sure what took WZ so long to pick up on this story. Seriously, I think we had a thread on this in the spam zone about a month ago.
Anyways, it's a great signing for the WWE. Moxley was one of the most in-demand indy talents of the last few years and built a nice following for himself by dominating in companies like CZW, Dragon Gate USA, EVOLVE, and various others. He's a fairly good worker but his real upside is his mic-work, which is flat out phenomenal. He's got this crazy passion on the mic to play the batshit crazy heel in a way that I haven't seen since the days of Mick Foley's Cactus Jack promos in the early to mid 90s in ECW. He cut some of the best promos in any wrestling company over the last year, especially his work against Homicide. I dread the cheesy as fuck name you know he'll get from WWE developmental, but he has a ton of potential to be a fairly big deal in the WWE's future if he's booked correctly and they choose to utilize his talents.
Very exciting signing for the WWE's future.