I can't speak for others, only myself, but most of the shows seem over-produced and formulaic. High production values used to give WWE the edge, now it's a bit of a hindrance.
Hey, we have an app. You should get it so you can see the content we're not showing you because we're telling you we have an app instead. Don't forget to Tweet about us. Hey, look at all these trending topics you already know about if you're on Twitter, and if you're not on Twitter, you don't care about them, but we'll tell you what you're missing.
I'm not at all knocking them for having an App or pushing Twitter, as it's smart business. But for more mature viewers it's likely to push casuals away because OH STOP TALKING MICHAEL COLE!
I agree with what Smelly said...for all of WCW's flaws, they still had something for everyone on most of their shows. Many on WWE seem like they're "just going through the motions." I find myself just disinterested with Raw and even PPVs lately, which is ironic since a lot of guys are putting on some of the best matches WWE's seen in a few years. Unfortunately, they're the exception to the rule, and even a guy like Brock Lesnar is victim to the "do your taunt thing on the entrance ramp every single time before coming to the ring" thing like everyone else. If Brock Lesnar isn't making you believe even for a second, no one's going to.
It's not about good wrestling, bad wrestling. It's about believability. Even if we all knew Undertaker wasn't REALLY abducting people, Austin wasn't REALLY beating up his boss, it was still compelling enough to test your limits of suspension of belief. It's not a matter of PG vs 14, either, just a lack of intensity.