2008 King of the Ring Thoughts

On April 21, WWE ran a three hour RAW on USA Network. It was during this show that a new King of the Ring was crowned. At one point, the King of the Ring was a WWE Pay Per View event. For the last couple of years, the WWE has stretched the KotR tournament over a few weeks on RAW. On Monday, they returned to the single night format.
I believe King of the Ring has found its identity on RAW.
Now, to the gripes. It would have been nice to have the KotR determine the #1 contender for a title. It seemed like most of the superstars in the tournament already had storylines going for them. CM Punk was the winner of the Money in the Bank ladder match at WrestleMania XXIV. MVP has a feud with Matt Hardy. Chris Jericho is the Intercontinental Title holder and will be the special referee for the Michaels/Batista match at Backlash. William Regal is the current General Manager of RAW. It would have been nice for some of the talent who didn't have ongoing storylines to participate in the KotR.
William Regal winning the tournament isn't horrible for me. I can see how the new title could play into his role as GM of RAW. I was really pulling for Finlay as this could have been the start of a new angle for him as his WrestleMania XXIV opponent JBL is working the fatal four way at Backlash. We'll see what King Regal does at the PPV.