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I think they don't do much good anymore. Unlike the days past, they really don't bring much of a difference to situations that usually happen already.
I came to say this.meh - if they follow the "William Regal" model of NXT then fine. The "Regal Model" is not going to hurt anything and can even be a good thing sometimes. If its going to follow the usual main roster model for a GM..then no..no..no..