Re: Sheamus or Punk - Who is the more credible champ?
Ha, so many people answering this question so many different ways.
For the record...
Real life: CM Punk.
Kayfabe Sheamus Because: He doesn't run from any fight, he fights all comers, it seems like he wrestles every-single-show, constantly, he's a fighting champion, he backs down from nobody, he displays inhuman durability and continues to steamroll through just about all of the B main-eventers WWE has to offer.
Real Life CM Punk Because: He's actually the WWE Champion. The World Heavyweight Championship is still recovering from (a) the Jack Swagger reign of 2010; (b) the ping-pong from Swagger to Rey Mysterio to Kane; (c) Kane's reign; (d) being the curtain-jerking match at Wrestlemania XXVII; (e) being won by Christian (sorry, but when you're effectively an upper midcarder, winning the championship is a slight ding to the championship's prestige, though less than just about all of these other, far more serious "dings"); (f) the collapse in booking for Mark Henry toward the end of his run; (g) curtain-jerking Wrestlemania XXVIII; (h) "18 seconds"; (i) Sheamus feuding with Daniel Bryan and primarily Alberto Del Rio forever, which, particularly with the latter gentleman, has done next to nothing for the championship, truth be told. Big Show might as well be John Cena compared to who Sheamus has faced as World Heavyweight Champion, not counting Randy Orton which almost doesn't count because they were both face and they never quite ever directly feuded (though admittedly he did wrestle him once or twice with the strap on the line with another couple of guys in the match).
Beyond that, Punk is the WWE Champion and the WWE Championship belongs to Raw. Raw is the (A) Show. Punk gets to close out more events, more Raws and, main-eventing a pay-per-view at Night of Champions, clearly beats Sheamus, which is just so LOL-worthy when you consider Cena has been out of the championship picture for so long but he's still at the top of the card above these two gentlemen.