Eh, I would rather see them name the belts differently, based more on each show.
So, how about the Raw Championship belt and the Smackdown Championship belt?
Much better than one(Smackdown!) representing the company in name(WWE Championship belt), while the other sounds big, as in World, but also Heavyweight (which is bad, sounds like a HOSS belt).
Of course, a redesign of the Raw belt should be done, since the WWE never pulled the trigger on the Monday Nitro idea...