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I am in the same camp, initially it wasn't great, but after the 2 man power trip ended and they pivoted the character, that was absolute gold.
The stuff he did with Angle was incredible. And in the end he didn't lose anything. Watch that Raw after Survivor Series where Flair debuted as the co-owner. Austin came down, got his belt, and got one of his all time big pops. He was red hot that night.
The real mistake was the follow up to that, him dropping the belt right away, playing 2nd fiddle to Rock against the nWo, then pushed aside for HHH and Hogan.
Hindsight 20/20 and all, but he should have tore through everybody until well past Mania 18 as Champion. Had they done it right, Austin could have carried it until Summerslam and dropped the title to Brock. That would have been major box office.
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