Back in October, New Japan Pro Wrestling introduced a new championship to their roster called the NEVER Openweight Championship. The NEVER stands for "New Blood Evolution Valiantly Eternal Radical and is a title that is used for rising talent and for outside wrestlers that aren't currently signed to the company.
First of all, if it stands for "New Blood Evolution Valiantly Eternal Radical" then the "NEVER" acronym does not work. Either they should change it to "NBEVER" as opposed to "NEVER" or change the meaning to "New-Blood" rather than "New Blood". Now with that little rant out of the way, my thoughts on the actual topic.
It could be a good idea to bring in this type of championship to the main rosters, but they already have too many titles. They need to worry about fixing the importance of both midcard belts, the divas title, and the giant pennies before they can think about adding a new title. This new championship would get lost in the shuffle and immediately get knocked down to bottom tier in terms of importance. If they worked on the other titles first then this could be a better idea later down the line. It could work fine the way the ECW Championship used to be, as a bottom tier title for the newer guys that aren't even ready for the midcard belts yet or some of the veterans who have nothing else to do.
I don't see it happening though. They might make this title as a modern counterpart to the Cruiserweight Championship or even a sequel to the old ECW Championship under a new talent initiative type deal as far as who fights for it, but the part that really stands out is letting wrestlers not currently signed to the WWE fight for it. That will never happen, at least not onscreen. Maybe in the developmental area, and even there I highly doubt that WWE would give any type of title shot to someone that is not under any type of contract with them.