Yup. Also there was a time in which NXT *was* a can't miss show. The week to week development of storylines seemed to have much more effort when it was focused around Bayley, Sasha, Finn, and the tag division. In some regards, it DID feel like a development brand, as there were many smaller indie names or even newbies going around perfecting their craft.
Nowadays it feels like very little happens, even when there are title changes.