Aside from the aforementioned gripes about RAW and Smackdown!, the only thing I can add is that the lack of fresh characters/gimmicks/storylines bothers me. RAW will always be the HHH show, and whatever he wants to happen will happen. And every storyline involving him is just a re-hased version of a previous storyline with a different wrestler thrown into the mix. RAW won't be fresh until he leaves the show.
Smackdown!, I think, has done a good job with the Rey/Eddie feud (well, Eddie not getting a win in what seems like forever aside). Benoit will add the ability to make anyone lood great in the ring, thus, making the show more entertaining for me at least. No matter who you put him with, he'll make them look like a million bucks.
My biggest problem is the lack of an intersting character/gimmick. I haven't been really moved by a new wrestler and/or gimmick probably since Austin. And by motivated, I mean my ability to readily cheer anything that character does, and go into full-on mark mode when he turns either heel or face. Hassan is the only minutely intersting character they've come up with in the last year or so, and even he's starting to wear thin.