World Heavyweight Champion: CM Punk
Ever since winning the Money in the Bank ladder match, Punk had been jobbing right and left, and getting buried up and down. He didn't look like a guy who had momentum - he looked like a guy carrying around a briefcase with his clothes in it or something. He looked like a guy holding the briefcase for somebody else. Somebody who should have won the MITB. It at least was two years too early to give him a World championship, but they did it. I like the guy, but so far, he's one of the least credible champions I've ever seen, and through no fault of his own. It's because of a group of people known as the bookers. From day one, he hasn't gotten a clean win over his challengers for the title. He's just looked like a transitional champion, just as he did with the Money in the Bank.
CM Punk is one of the worst face wrestlers I've ever seen in the main event. It may be due to seeing his entire ROH stretch, I've seen that this guy is a natural heel. I mean, he made Edge look like a newcomer. The only way WWE can save his abysmal reign without damaging his career and credibility in the future is to turn him heel. That's all I can say. Nothing else can help. A clean win might help a bit, but the damage has already been done.
Intercontinental Championship: Kofi Kingston
From day one, I've loved the work of Kofi Kingston. He was the first in a wave of new acquirements for WWECW. His great style helped augment a WWECW that wasn't going anywhere - that was not going to improve. After squashing some jobbers and Mike Knox (no wait, same thing) he finally got a real feud - against Shelton Benjamin. And so far, it's been one of 2008's greatest feuds (this may or may not be due to the fact that the feuds of 2008 have been crap) because these two guys really worked well together. I was surprised to see him get drafted from WWECW so fast, and the same with Shelton who had just been transferred there. His match with Jericho at Night of Champions was one of the best matches from that PPV. I was completely behind him since Jericho had done nothing with the IC title, not taking away anything from his accomplishments, and marked out when HBK appeared and Kofi won.
So far, he's been doing a good job as Intercontinental champion. The feud with Burchill is going pretty well, although WWE seem to be a bit back-and-forth on it; on Monday, he squashed Jamie Noble and Paul Burchill didn't even appear to do a post-match sneak attack? Strange stuff. Anyway, I don't see anything but great things for Kofi, but his gimmick may get stale after a while.
World Tag Team Championship: Cody Rhodes & Ted DiBiase
I can't tell you how frustrated I was with the booking of Hardcore Holly & Cody Rhodes when they were champions. In an age of a flawed tag team division, you could at least expect them to do SOMETHING with them, Raw even had a pretty good tag team division at the time, with Londrick, Carlito & Santino and eventually Cryme Tyme. Either way, they didn't give Holly & Rhodes ANYTHING. Hardcore Holly is one of my all-time favourites and I was really pissed to bee seeing them being given the ignorance treatment. And while Cody did improve while a tag champion, it would take a lot to kill the worst rookie year I can remember.
And at Night of Champions, Cody did just that. By backstabbing Bob Holly and joining up with Ted DiBiase, Cody turned heel and killed his uninteresting character. A heel run is great for Cody and a tag team championship reign is good to build DiBiase. And although I see DiBiase becoming the "Shawn Michaels" of the team, it's been good so far to see the champions actually getting some mic time and some mention at all. I love Rhodes/DiBiase.
Women's Championship: Mickie James
Again, hadn't Beth screwed up with that "backstage incident" (I don't know what it was since the news was "premium" members only) she would still be women's champion. She's one of the best things to happen to the WWE women's division in a long time and I enjoyed her title reign, as it fit her perfectly. Mickie is very on/off, but for the most part she's entertaining and indeed FINE looking. I'd prefer Beth Phoenix, but she's doing a fair job.