Is the IC Title still the workhorse championship?

I understand that the IC belt is not featured much on television these days. And if there is an IC bout you'll have a short 5 minute match.

I am specifically asking about house shows.

Back in the day, they gave the IC title to the workhorses... those that could "go" 20 minutes a night, while the main event guys did 10 minutes of signature moves.

Is that still a reality today? I have yet to attend a house show, and I'm just curious to know if the IC title is still treated as such.