You are only right about one thing - this is desperation booking.
And also a cheap way of having a match. If Taker wins, he goes 19-0 only be defeating 17 men and that's lame. 5 out of those 17 names are total misfits (I'm talking about Gonzales, Bundy, Boss Man, A-Train, and Henry), that means only 12 credible names out of 19-0. Somehow, I got the feeling The Streak would look like a joke if this match happens. And this is my only concern about the match.
All in all, I don't hate the match-up. But I dislike the impact it will have on The Streak.
However, this is the right match and it should have been planned directly after HBK's career ended. It was the PERFECT set up for WM 27. What a better story than a guy looking for revenge for his buddy. This is the easiest story to write and by far the most believable. You get two legends in the ring. Two legends that can headline the show. Two legends that almost stole the show at the best PPV ever to happen (WM17), if it wasn't for an epic Rock/Austin showdown. This is what WM is all about. It wasn't the smartest writing, but it got us what we needed.
I wouldn't call HHH/Taker inferior to Rock/Austin wrestling wise. Personally, I'm no fan of rematches because they will add zero credibility to The Streak and it's hard to outdo the first match (like what happened to Kane and HBK). But this match may be the huge draw WWE need for Wrestlemania 27, seeing how they still got like 20,000 tickets available less than 2 months into the event...which pretty much tells us Taker vs Wade & Miz vs Cena aren't doing much of a draw (no surprise).
If WWE play their card right, this match could be build like Undertaker vs Shawn Michaels at Wrestlemania 25 where Taker & HBK first met again after 11 years. HHH is a legend now unlike 10 years ago, so with the right build up this can be another once in a lifetime experience IMO. And HHH is in a dire need of another Wrestlemania classic. I mean come on, the last time he got a WM classic was at WM 20. That was ages ago when dinosaurs were still roaming around.
With the right in-ring psychology, Taker/HHH can give Taker/HBK a run for the best Wrestlemania match ever status.
I just hope HBK refuse to participate as ref because his presence would be too distracting and may hurt the match's overall quality, just like he did to Bret vs Taker at Summerslam 1997 and Rock vs HHH at Judgment Day 2000.
Taker vs HHH is cheap enough way to a desperate buyrate, adding HBK is insulting. It's as if Taker/HHH isn't a big enough draw on their own.
On the flip side, the WWE axed Cena/Punk, Taker/Kane/Nexus, and HHH/Sheamus all for WM. That wasn't smart booking from day 1. They ran themselves into a dead-end and now have to act like nothing happened. Not cool. That was Creative's fault in the very beginning. These feuds aren't all WM worthy and can be held afterward, but we didn't need to bring it this way.
Couldn't have said it better.
Also, fuck anyone who acts like a baby when it comes to HHH/Taker (not directed towards the person I quoted). Go watch their WM 17 match and tell me these two aren't legends inside the ring as well as outside. HHH/Taker is one of the few real matches left for Taker.
HHH/Taker are always gold. Not only their match WM 17 (which was a classic) but also their match at Insurextion 2002 (WWF's last match ever) and King of The Ring 2002. And look how crazy the crowd was when they were the only two men remaining at SD! Elimination Chamber in 2009 . U put that at Wrestlemania, I can only say fasten you seatbelt cause you're in for the ride of a lifetime.
Also Next year should be Cena/Taker. We aren't going to get Sting so quit bitching about it. This is by far the best bet and it's not even close. Taker/Kane would have sucked and the internet fan base would have been pissed off. Taker/Barrett isn't a good enough match for the streak.
At this point, seeing how WWE go so far on avoiding to book Cena vs Taker even if they have to sacrifice HHH's career, I'm starting to believe we will never see Cena vs Taker at any Wrestlemania in this lifetime. I'm sure WWE refused to learn anything from their failed staredown at Royal Rumble 2011, so WWE will either book Cena vs Orton again next year to headline WM 28 or they will try all their might to bring The Rock to HOF as well as 1 last match against Cena.
As for Taker....I can only see his match being with Jericho at WM 28, let's face it if they do Taker vs HHH this year and the match turns out to be as good as I said, there's no way Sheamus, DiBiase Jr, Rhodes, McIntyre, Barrett, Jackson, Miz, Morrison, and any other youngsters are able to folow it. Only Jericho can.
Although since last year Austin expressed an interest on facing Taker at Mania 28 in an interview, I wouldn't be surprised if Vince brings Austin back only to go against The Streak.