IIRC, they didn't have a falling out. Cornette got sick of D'more interfering in matches and disbanded Team Canada and they all went there seperate ways. Tenay mentioning that last night would have been helpful, though.
I agree. Petey's got a pretty high profile match, tagging with the biggest star in the company in a tag title match against the hottest act in the company. That beats just about anything they've done with him since he lost the X-Title in that UX match with AJ and Sabin.
I think I remember at the disbandenment that Roode didn't hug Eric or anything which got some boos. From then I just assumed that Roode thought Eric was a disgrace to TC.