Ouch, not good at all. Especially since they hyped the fuck outta Rock and Taker/HHH/HBK segment (and the latter they started advertising last week). I wonder how the big slots will do. I can see Punk/Jericho starting off the show strong, maybe Rock's segment, even though it's in Q4 (or was it Q3?), could still have an increase as they at the very least advertised it before going to commercial. Cena/Henry with Rock at the end should do well on paper, but we'll see what happens. And of course Taker/HBK/HHH, which has been gaining close to a million viewers each time two of them have interacted in the 10pm timeslot (and even once getting over a million) should do really well.
We won't know how those turned out until quarters come out, but all in all a very bad number. Two weeks away from Mania and they aren't anywhere near the 5 million mark. It really does make you wonder how much WWE is going to struggle to pull in 4 million viewers for the rest of the year after Mania. I think during even the worst periods, we could see them potentially going under 3 million viewers for at least one of the hours. Hell, if everything lines up perfectly, SD may actually beat Raw in the ratings one of these months.