I believe they will have a bigger feud down the road. This will be some what of a teaser. While I do like Morrison as the number 1 contender, I do not want him to capture the WWE Title just yet.
I think he is on the right track and has grown over the last 3 or 4 years. This has been quite a long process and I would hate to see WWE ruin this by rushing it at the very end.
I think if WWE waits till this time next year, and has Morrison win the Royal Rumble, it would be much better. This feud versus Sheamus has definitely elevated Morrison in my opinion. But they should continue to build on it and make a viable contender out of Morrison.
I think Miz will lose the title before Wrestlemania. I can see and also appreciate a few month feud between Miz and Morrison. Miz loses the WWE Title at Elimination Chamber, and Miz Vs. Morrison happens at Mania. I think a Miz victory would serve the feud better.
Then Morrison would take the rematch at the PPV following WM and seemingly ends the feud. They both go their separate ways over the summer and The Miz, once again, becomes WWE Champion. As the months go by between the time Miz wins the title and the Royal Rumble, Morrison continues to impress.
Morrison wins the Rumble and even though it seemed the Miz/Morrison feud/rivalry was over, they are now face to face once again. This time, at Mania for the WWE Title.
Morrison defeating Miz at Wrestemania to finally become the WWE Champion, in the main event, would be truly awesome. The match would have so much build up, not just hype for the match, but all the history in general.
I think that is a better scenario. I don't know if it will happen, because no matter what people say about him, the Miz will eventually turn Face, It seems inevitable. The question is more revolving around, WHEN will he turn. In my opinion, I would think it's sooner than later.
I could see Randy Orton returning to his Heel ways and WWE trying to push Miz as a Face, due to his main stream ties.