It all depends on where you think Mayweather should have been rated after his return and subsequent victory over Marquez.
Mosley had defeated Margarito who had to have been considered #1 after beating Cotto. Did Mosley take over the top spot?
Pacquiao had defeated Cotto and Clottey, but Mayweather pretty much put on a clinic against the guy who had given Pacquiao so much trouble.
For me Mayweather returned at #1, Mosley moved to #2 with Pacquaio at #3. Hence the top two guys fighting to fill the vacant championship.
Both guys would have to be considered the two best in the division at this time so their fight in May should qualify for the championship if you do not agree with the above.
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