The whole "faction wars" ethic of TNA/IW booking over the past couple of years didn't pan out, and now you're seeing the final coughs and gasps of that soon-to-be corpse.
Think back to a year and a half ago. You have EV2, you have Immortal, you have Fortune. I honestly forget who was heel and who was face at the time- if someone has the spreadsheet that keeps track of those things in TNA/IW on hand, feel free to throw that in there. EV2 collapsed in under itself like it should have- what do you know, when you put together a bunch of guys who never drew, they aren't going to draw. Fortune's been effectively dead for months, especially since the start of the BFG series- you simply don't see people talking about Fortune anymore, rather, what the individual members are doing. Immortal exists for the sole purpose now of ensuring the Eric Bischoff character has goons he can call on. (This could mean they go on for quite a while, as if there's one thing I don't expect TNA/IW to do under any circumstances, it's write out the Eric Bischoff character while he's still working as executive producer.) Beyond showing up to deliver beatings when the Bischoff character calls for it, there's no Immortal.
We're entering the singles age of TNA/IW. People (speaking in gross generalities, not individual specifics) want flamboyant personalities in their professional wrestlers today, not disciplined competitors working towards a common goal. Save that for ROH, which still sells wrestling storylines. The dominant stable isn't over- there's going to come another powerful group of wrestlers that will put asses in seats. But it's going to be a lot less predominant in professional wrestling than it used to be.