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ECW is a mixed bag. The hate is warranted but they also did a lot of good to.
On the positive it:
>brought lucha to the us
>brought strong style to the us
>showcased a generation of talented smaller guys who would have never been in anything other than squash matches in the other promotions
>gave terry funk his last real run
>allowed austin and foley to repackage themselves on tv for vince with complete freedom
>created rvd
On the negative it:
>became the archetype for the modern indie promotion where everyone is trying to be paul e and appeal to the internet/smarks
>popularized 'hardcore' wrestling which desensitized the fans and lead to angles/matches which were just uncomfortable to watch (pitbulls and shane douglas, raven and sandman, anything with new jack and enhancement talent, etc) and talentless hacks using 'hardcore' to get over instead of serving a purpose in a feud
>was the first promotion where the brand was the selling point not the talent and put the marks in the ring rather than in the stands