If ROH had any sense they would have Generico in the company right now and Generico would be taking the title. I was at Final Battle last year and while I hated most of the show there was a buzz in the arena when Steen and Generico were in the ring together that you just don't get in indy wrestling. When Steen took out Generico I had only assumed that it would lead to Generico chasing the title when he "came back from injury" and eventually winning the title in what would just be an awesome moment. None of that is going to happen though.
Cole seems like a good realistic choice even though it seems like he's lost momentum since he had his star making match against O'Reilly. He's someone that would be able to play an underdog against Steen and still get a ton of support from any crowd.
That's why you have to get him under contract and have him there. ROH without Generico is just plain stupid on ROH's behalf. What's their current status or does anyone know? Seems Generico is a Gabe man these days, not that I'm complaining.