This is something that has been bothering me for the last several years in this PG Post-Benoit era of wrestling. To me a good referee is one who is only noticed when he is supposed to be (a ref bump, a shoving match with Flair, threatening a DQ, checking if someone is submitting, etc), these days we have the referee constantly in the middle of the action, down on the mat checking on both guys after nearly every move they take, derailing the momentum of the match to wipe away a trickle of blood.
It is, at least to me, a major distraction and tends to pull me out of the story being told. Don't get me wrong, I don't want the guys and girls getting hurt, but over the last several years I've just found it jarring how often I am noticing "there is the referee again, making sure someone is okay after they took a backdrop." Then last night I couldn't help but smile at the "Let Joe Bleed" chant, because that was at least in my opinion, overkill. It's a contact sport, he wasn't in any danger, shit happens.