It was pretty obvious all along that this gimmick was doomed to fail, which is a shame. I think WWE went a bit too far with the Japanisaton of Matt Bloom, I think they could have done a much better job, and given him a gimmick that had more chance of getting over with the fans.
I could quite easily see him getting repackaged in the very near future. The problem I found is that apart from a few extra tattoos, he still just looks like Albert/A-Train, with the bald head, beard and still using the Baldo Bomb move. There was no difference in his appearance that would make people forget about his old gimmicks.
He is decent enough in the ring, but I just do not see him as a main eventer in a US wrestling company, there is not enough charisma there to make me interested in his character as a top-level guy. He is much more suited to Japan in that way. If I was WWE, I would move him away from the Tensai character, and into more of a bodyguard, or enforcer type role with Big Johnny, like the BossMan was to Corporate Vince (another poster already had this same idea).
Matt Bloom is big and tough looking, that kind of role as a mid-card enforcer who can dish out some punishment is perfect for him. He is not a main eventer, but not many are. I still think he can do a job in the WWE, he just needs the right gimmick.