It's an interesting take and a definite narrative, one that you can draw clean lines to and could sell to Hollywood in two sentences. I'm not sure if it hits everything correctly. Look at who WWE brought with them for the launch: Austin, DX, etc. Flair was advertised. Hogan was hinted at. I think they want to draw back in the casuals from the Atttidue era but are taking the current casuals as a given since they're already there and what they're offering them is a better deal, with the PPVs, then they could possibly get otherwise. The real winners might not be the current kids who love Cena, sure, but it could well be instead the people who tuned in and shouted SUCK IT in 98-99 and wore Austin 3:16 shirts, the misfit creatures of the last boom.
Also, we don't exist in the paradigm you laid out, which is understandable, but a little strange since you're one of us and all.