WWE currently has one developmental territory based in Florida. That company is called, Florida Championship Wrestling, or FCW. This came about after WWE ended it's relationship with Ohio Vally Wrestling, or OVW. It's been a few years, and with what we've seen, I think WWE has made a big mistake.
Now, I like some of the guys in FCW. Abraham Washington, Byron Saxton, and Xavier Woods, just to name a few, are all guys who could do well in WWE's mid-card or tag division. That said, that's about all that FCW has. Guys who could fill out a mid-card and tag division-a crusierweight division too, if WWE still had one.
FCW has had two guys carry the FCW World Championship and go on to win a WWE or World Heavyweight Title, and the general consensus is that Jack Swagger and Sheamus, both had transitional, (in Swagger's case,) and poorly booked, (in Sheamus's case,) reigns as champion.
After that, every other champion has fallen to the mid-card or at one point or another, the tag division. Those superstars include Justin Gabriel, Heath Slater, Drew McIntyre, and Michael McGillicutty. Now, I'll say that McIntyre and Gabriel have potential, but at this point in time, it doesn't look good for either, as far as winning a WWE or World Heavyweight Title goes.
At this point in time, FCW has developed two other main-eventers, and only one is being treated like it. Wade Barrett who, ironically, never won the FCW Championship and Alex Riley, who did win the FCW Title. Granted, it's only been about 3 years, but when you look at what OVW did, you'd think WWE would get more out of FCW.
Now, let's look at what OVW did. OVW gave us several mid-carders, but also many main-eventers. Notables that held the OVW Championship, that went on to win WWE or World Heavyweight Titles include Batista, John Cena and CM Punk. Brock Lesnar also found success in OVW, though never won the OVW Championship.
Along with that, WWE has to thank OVW for a lot of it's best mid-card talent. I'm talking about guys like Shelton Benjamin, Cody Rhodes, Elijah Burke, and Zack Ryder. Benjamin and Burke were two of the most underrated stars on the roster, Ryder is perhaps the most popular star not on regular TV and Cody Rhodes is fingertips away from grasping the brass ring of main-event status.
WWE opted to take away the developmental status of OVW with proof positive of it's excellence in some of its top stars to this day. John Cena, the face of WWE, should be more than enough of a testimonial as to why OVW deserves to be the place where the future of WWE is born.
As far as the women of WWE go, I think both FCW and OVW have given us some good talent as well, so I can't fault them too much. While OVW has given us Serena (who wasn't really bad in the ring, looking at her indy work), Beth Phoenix, and Katie Lea; FCW has given us AJ, Natalya, and Alicia Fox.
My point being, WWE seems to have taken a big step down in terms of quality, when they took their developmental contract and gave it to FCW; it's pretty much been a challenge to find any real talent in FCW. If you don't believe me, take a look at one of their products in David Otunga.