I've slept on it, and i'm still pleasanty shocked that Jericho is the champ. It's probably the best swerve of the year so far, and my favourite ending to a PPV this year too. I never thought that after a 2 year hiatus, a failed face run, and a 4 month fued with HBK that is blatently not over still, that Jericho would be champ within a year of returning. Socking, absolutely shocking...... I'm not so shocked however, that people are complaining about it.
It so totally does not undermine HBK/Jericho at all. If Jericho had swaggered down to the ring, tried to mount offense and then gotten a decisive pin at the end, then yes, it would have made the unsanctioned match pointless. By hobbling down slowly, covered in blood stains and whelps, cradling his arm and then getting in the ring once and getting speared immediately, and then crawling in and getting a quick pin made him look like the cunning, cowardly heel that he's supposed to be. It's no different from some of the finishes Edge has been involved in in title matches.
Why not use Punk? I honestly don't know. I can only assume that Punk/Orton is what they're pushing for here. I was glad to see Kofi Kingston getting into the fray as well, at least Punk and Kofi can wrestle Team Priceless until Orton returns. As for the belt, well, even if he never wears the belt again, it will never be proven that that title run was a fluke, because he never lost the belt, and hell he'll probably win it back from Jericho at NM anyway, due to a HBK run in, to further fuel their fued. Was it a stupid way to get the belt off of Punk? Yeah, it probably was, but since i feel nothing about Punk either good or bad, i honestly don't feel cheated. He lost the belt without having been made to look weak compared to the other 4 guys, and was never beaten, and most importantly, i'm truly truly thankful that Batista didn't win, which is how it looked it was gonna go when there was 30 seconds left and he was waiting for someone to lock up with while the time limit expired.
So imo, while the match sucked, i loved the swerve and the end result