You know the last time there was a youth movement in the WWE we got guys like Cena, Orton, Lesnar & Batista debuting & mid-card guys like Eddie, Benoit, & Jericho making very big names for themselves. Before that? You got guys like HHH, Rock, & Angle debuting, and mid-card guys like Mick Foley, Steve Austin, Brian Pillman, & Owen Hart on the fast track to super stardom.
This youth movement is a good thing, it means they're putting the past behind them, again, and moving on to something different. The mid-carders were put forward a little early, as well the noobs, because there was such a big turnover during the mid 00's. However the talent is pretty darned good right now.
The only thing that really needs to change, in my opinion, is the culture of the fans. Everyone is so negative and critical of everything, so the buzz that gets generated through word of mouth isn't great. That does in fact hurt ratings.
Million Dollar Dream is absolutely right about the WWE Network though.
I think The wwe Network is a very big venture that could decide where wrestling is in a few years. If The Network is run very similar to The New York Yankees YES Network the idea will work. Have segments once a week where legends are asked several questions like the Center Stage show on YES! Network (if you don't know what I'm talking about google it).
Vince needs to cut his ego in half and salvage some relationships with legends that aren't seen or heard from much. It'd be nice seeing Harley Race conduct some type of show or have a relationship resurrected with Hulk Hogan and I don't mean for Hogan's wrestling or idea's just the presence and some type of show centered around him (not midget wrestling). If Undertaker isn't going to wrestle anymore then maybe he could have a Motor Cycle show to attract Bikers. Dedicating a full Network towards wrestling is awesome from a wrestling fans perspective but isn't there really a big enough demographic to have a whole network about?
I could easily see some new and great shows on the WWE Network, and ideally, even supplanting Spike TV as the TV network for men. Women actually LIKE the Lifetime network. I watch next to nothing on Spike, Impact I'll catch when I can, but mostly, nothing. If WWE TV were what I think it has the potential to be, I could see it as a family network that's male oriented rather than... every other TV network out there.
So where do I see the WWE in 5 to 10? I see them something like the Disney channel is now, only wrestling oriented and marketed to males 12-45. Before that gets taken the wrong way, if you look at The Disney Channel from a high level view, you see Disney movies a couple times a week (on the WWETV replaced by old PPVs) you see tons of original programming for little kids, then mid-teens. So I don't see WWETV marketing anything to pre-schoolers, save for maybe a few cartoons, but I do imagine seeing some early-teen programs, bad sitcoms, etc. And I think on top of now being able to tune in on a weekly basis to see OVW & FCW as well as NXT, Tough Enough, as they air live, as well as perhaps the previous weeks' episode of Raw & Smackdown.
I think The WWE Network will end up being a shot in the arm that increases viewership and having a number of unforeseen effects on Raw & Smackdown's format, same with PPV's too. One thing I do think is that Raw at the very least, if not smackdown as well will become TV-14, with a TV-PG version available perhaps on USA, with the more mature version on the WWE Network... it's something to think about at least.