Should not win the title for awhile.
WWE needs to stop pushing these one dimensial heels all the way to the top. At this rate the entire roster is going to be champ by 2014. Look at how many mid card champions there are right now. Swagger, Khali, Ziggler, Henry, Christian, Show, Kane, Del Rio, Mysterio, Miz
Some of those guys are vets on their last legs and that's somewhat understandable others are one trick pony heels who got 1 run failed and then it's onto pushing the next one trick pony heel.
The next step in Cody's career should be a face turn and if that goes well then it's time to talk about championships. Enough with pushing guys whose main event scene is destined to fail in 6 months.
There are exceptions to the rule with guys who are born to play the heel but I don't think Cody falls in that category. If you want to push him to the top he should be be truly over.