Re: What happens with the FCW Championship now that NXT is FCW?
I don't think NXT should have titles, because there are too many guys already technically on the main roster who show up on NXT.
Also it creates so many contradictions. The NXT Superstars want to prove they're "the best", so that they can move up to RAW or SmackDown. A Championship shows that they are "the best", but it would ground them on NXT. Once they've proven that they're ready to be called up to one of the main brands, they'd have to drop the Championship to someone, which would mean that they are no longer "the best".
It works with FCW because "Florida Championship Wrestling" at least gives the pretense of being an indy fed in kayfabe. NXT by comparison is "WWE NXT", so it doesn't work.