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Can't really blame them for doing a fortnite belt, it's what the next generation of fans want. Like another poster said, this will probably be big on twitch and mobile, following who is the champ each day and the crazy shenanigans involved. They're desperate for views. Wouldn't be shocked to see Nia Jaxx win it by pinning someone in the mens bathroom.
I actually enjoyed that rule during the hardcore era, they did some fun things with it and it's been long enough they can rehash some of it + whatever else they think of doing.
It's better than whatever cruiser weight match they would throw in instead at least.
I'm too old to care at this point but I don't get some of the outrage on the internets at all about it. If you want more of a wrestling show there's plenty of other content out there.