Fans need to take the belt seriously, and to do that they must respect the workers that battle for it. It would require the quick ascention of several men to near main event level, as well as the lowering of one or two that are on the brink of a breakthrough now. It's a hard decision, and one that would certainly piss off more than one worker backstage. It would be a risk. Without them, you become stagnant, something that would kill the fed's cutting edge attitude with the fans.
Audiences recognize when someone is betting all their marbles, and the response is never lukewarm.
They either love it or hate it. With the elimination of their biggest threat on the distant horizon, it would be easy for the WWF to rest on its laurels here. It would appear they can afford to take a breather or two, but in doing so would take themselves out of the flow. It's time for something new, something different. It's time to change the status quo.