I wouldn't mind a rebranded Hardcore division, but I think they need to unify the two World Titles before introducing any other belts.
The Title heirarchy should be
WWE - main event
Intercontinental - upper midcard, established veterans, and main event guys who can't fit into the World Title picture but need to stay relevant.
United States - Lower midcard, upper midcard guys who can't fit into the IC Title picture, but need to stay relevant
Hardcore - mostly midcard with the occasional main event or uppercard guy mixed in.
I kind of want them to steal WCW's design
or rehash the ECW Championship design and change it to say "Hardcore"
The belt looks more prestigious so it looks like the wrestlers are "digging through shit to find gold". There should not be defined "division" as I think every wrestler, regardless of position on the card should compete for this title, as it gives an opportunity for rare low carder vs. main eventer matches. Remember that really goofy Miracle on 34th Street Fight that David Otunga had against Randy Orton. We could have more matches like that. Plus the new Hardcore title can be used to keep guys relevant once they're out of the World Title picture.
1. The majority of the wrestlers wrestling in this division could be brawlers, high flyers, and guys with an MMA based moveset.
Alex Riley - An intense and explosive brawler who mixes power moves and cruiserweight style moves seamlessly
Antonio Cesaro - A stiff worker with an pronouned mean streak
Christian - A master of Tables, Ladders, and chairs.
CM Punk - The Best in the World. If the Hardcore champion can withstand the onslaught of the WWE Champion, it would help legitimize him
Damien Sandow - Since RAW 1000, the Intellectual Savior has had a bit of a violent aggressive streak. What will happen once the rule book is thrown out?
Daniel Bryan - His anger issues and brutal kicks and submissions would make him a formidable opponent,
Dolph Ziggler - The self proclaimed showoff doesn't mind stealing the show in any fashion. He deserves to be in the main event, but he's the type of guy who feels that he IS the main event no matter what spot he's in.
Drew McIntyre - Capable of using the entire ring as a weapon.
Justin Gabriel - The high flying South African could do well in this division
Kane - The Devil's Favorite Demon would relish and environment where he can inflict pain on others and it would be perfectly within the rules.
Kofi Kingston - He's held every other midcard title, so why not. He's also displayed bouts of aggression in the past as well.
Mark Henry - The World's Strongest Man could easily hurt people by putting them through tables.
The Miz - Not the best grappler by any means, but he has no problem kicking and stomping the shit out of people.
Randy Orton - The Viper would thrive in this environment. If they won't push him towards a World Title any time soon, he would make a good Hardcore Champion
Ryback - This juggernaut wants to eat. Feed. Him. More. But let's see how well he uses utensils.
Santino Marella - Since the Cobra is "real" now, it's technically a weapon. Also this might allow him to utitlize his MMA ability as well, by demolishing his opponents with elbows and knee strikes.
Sheamus - Although he's the current World Champion, he loves a good fight. Once he drops the World Title, the Hardcore championship might be a good way for him to stay relevant.
Sin Cara - A high flyer who would be able to use the entire environment for his aerial offense.
Tensai - An stiff big man. He needs something to do, right.
Trent Baretta - Another high flyer who could use ladders and tables
Tyson Kidd - A high flyer and a submission specialist.
All Hardcore Title matches will by default be no-DQ, no-countout, and Falls Count Anywhere but weapon use will be kept to a minimum for the sake of PG. The hardcore matches would be more like the "Street Fights" we've seen in recent years.
Occasionally, the Hardcore Title can be defended in a gimmick match such as a Cage Match, Ladder Match, Tables Match, or TLC Match.