I'd would disagree that the Alphabets will always be there. The original boxing reform bill would have estrablished a Federal Boxing Commision that rules over all of the state agencies and was going to recognize only one belt and ranking system in the US. That means that in theory the alphabets could exist but that their belts could not be fought for in the US and that they could collect no sanctioning fees. Unfortunatly the lobbyist got to the bill and it ended up pretty worthless. Needless to saySen John Mccain feels passionately about the sport and is a possible front runner for the Presidency so maybe congress will revisit the legislation. I personally don't call anyone a champ if they don't have the Ring belt. I might refer to you as the best in your weight class, but to me the Ring is the only belt that has legit and uncompramised rankings so its the only belt worth the name Champion of the World. Just think if a Federal commision mandated that the Champ must fight one of the top three contenders at least annually, and that a top ten fighter must fight at least one top ten fighter to stay in the top ten. This would create great fights monthly and would force alot of fights onto free TV.