Matt Hardy has worn down through the years and certainly had a lot of ring rust coming into TNA, however, he has improved quite a bit and his match with AJ was quite good. Matt will ALWAYS be overshadowed by his brother, not saying Jeff is astronomically better.
Jeff, on the other hand, has fallen so far. Nobody can doubt that he was one of the best performers in the WWE back in the day. I confess, I am a HUGE Hardy Boys fanboy and I always favored Jeff, but what happened at Victory Road was one of the many gigantic slaps in the face Jeff Hardy has given his fans in the past few years.