I wanted to see you go through WWECW but I'm really uncomfortable with you starting at the beginning because I'm not sure if you'll be able to make it to about mid-2007 when it gets good. I think you would enjoy it though. It eventually develops into a very fun little 1 hour show that was usually pretty good. Without having to follow the PPV schedule outside of the ECW title match, it gave them more time to let their stories develop.
My recommended starting point for anyone would be April 3rd, 2007 episode. This is the first episode after WrestleMania and has a really awesome 8 man tag main event that pretty much wraps up the "ECW Originals vs. New Breed" storyline and starts the show off into it's own direction outside of "watered down ECW nostalgia"