Thursday/Friday Night SmackDown! has long been the 'home of the cruiserweights' as often said on SmackDown! by the commentators. The last time that was mentioned/recognized was when a 4 foot 4 inch "Leprechaun" named Hornswoggle held the title.
Hornswoggle won the WWE Cruiserweight Championship last year at the Great American Bash during a Cruiserweight Open. He wasn't technically a participant in the match...he ran across the ring to go underneath it, but was inside the ring when the bell rang. Later on in the match Jamie Noble was taken out and Hornswoggle climbed to the top rope and hit the Tadpole Splash on Noble and got the 1-2-3. He "feuded" with Noble for a while (if you'd really call that a feud). Later on RAW it was announced that Hornswoggle was the "bastard child" of Mr. McMahon, while he was still the reigning Cruiserweight Champion. Later on SmackDown! General Manager Vickie Guerrero told Hornswoggle that because of his size and the fact that his last name was McMahon, that he had a very large target on his back. She said that it was in the best interest of both Hornswoggle and the Cruiserweight Division for him to vacate the title. That's what happened, using her power and authority as General Manager, she stripped/advocated Hornswoggle of the Cruiserweight Championship.
For a while, I thought that maybe Gregory Helms was coming back soon (he's been gone for more than a year, I hope he gets back soon) and he was going to dominate the Cruiserweight Division once again before he broke his neck. I wasn't quite sure what she was going for, but I was at least glad to see that title not around Hornswoggle's waist. Then I found out that the Cruiserweight Championship was now defunct, and I was pretty upset. I remember the days watching WCW where Rey Mysterio Jr. battled Kidman for the WCW Cruiserweight Championship. Those and pretty much any match involving the longest reigning (and in my opinion, the greatest) Cruiserweight Champion of all time...Gregory Helms.
Personally, I think one of the biggest mistakes the WWE could have done was get rid of the Cruiserweight Championship. I understand that the Women's Division is/was heating up on SmackDown!, but the Cruiserweight Championship had long been something exclusive to SmackDown!. The announcers always mentioned that Cruiserweightscould only be found on Friday (or Thursday) night SmackDown!. Now they get rid of it, but not before making a complete mockery out of the title by giving to Hornswoglle? That belt had been held by greats such as Billy Kidman, Rey Mysterio, Eddie Geurrero, Kid Kash, Chavo Guerrero, Gregory Helms, Jushin Liger, Ultimo Dragon, Dean Malenko, Chris Jericho, Juventud Guerrera...even Jacqueline held the title once. Hornswoggle is nowhere in any of their leagues; he had no business holding that title.
I hope that the Cruiserweight Championship is soon brought up from the ashes and reigns supreme like the Undertaker has time and time again. Here's a toast to one of the greatest Championships in professional wrestling history: the Cruiserweight Championship of the World...may it Rest In Peace.