The WWE Draft used to be one of the most exciting nights of the year. Who would leave RAW for Smackdown? Who would be "promoted" the other way? Now? It's just....there.
Sure there might be one or two shocks, but in general the draft is meaningless now. Part of it, in my opinion, is having draft picks "earned" through matches. Nine times out of ten, you can predict the winning brand in said match.
What should be done:
Re-instate the tumbler and GM's system for draft picks. Some of my favourite moments of drafts were Paul Heyman's reactions to draft picks (See Triple H to Smackdown).
If WWE insists on keeping the "earn a pick" system, stop having non-draft related matches on Draft Night. (See Hart Dynasty vs ShowMiz this year & Triple H, Shane McMahon, and Batista vs Legacy last year).
Move the Draft Night back to June. This is my one of my biggest gripes. In post WrestleMania season, the rivalries are supposed to simmer out. This is why June was perfect for the draft. Rivalries had finished up, and a change of scenery was good.
Now with the draft in the immediate weeks, we end up with a plethora of cross-brand matches, which brings me to my next point...