If I was Vince: I would start a faction war. Faction wars are always tight (IMO) Have Triple HHH bring back DX with new members. (Johnny Nitro, Bobby Lashley, CM Punk, Shawn Michals, and Khali (That one huge guy like in Ravens Flock.) Versus Mr. McMahon's crew (Call em the New Nation) With The Undertaker, Batista, Snitsky (crazy evil guy) Orton, Mr. Kennedy, and King Bookah. Then have them pulling Nwo stints (breaking up matches, hurting people, Messing with shit, beating each other senseless) and then have the Creepy superstars fuck with em both and come up with their own group. Have Kane as the leader with, Umaga, Sandman, Boogyman, Big Daddy V, and Kevin Thorn. Finally have the left over superstars form their group. With ELijah Burke as the Head and with The Alpha Male, Hardy's , Traver & Lance, Charlie Haas, Shelton, MVP, Carlito, and Fit Finley.
Next bring back WCW on put it on Monday, Move Raw To Wendsday, ECW To Friday and Either Eliminate or put Smackdown on Sunday.
Try to bring back some WCW great (Scott Norton, Poppa Pump, Bagwell, Disciple, Hogan, Hall, GOLDBERG) Some cats like that. Put Eazy-E in charge of WCW. Bring back Paul Heyman and put him in charge of ECW. Have these factions relocated to their places in WCW,ECW, and WWE. Of course new people would have to go to WCW (Lack of WCW talent on WWE roster.) Take all this and start devolping it now. At the next PPV have WCW take over with ECW. Wreck the PPV (The WHole THing you could make that tight.) And just like that Wrestling will be at its apex again.