It's weird, I've always thought that the countless alphabets were bad for boxing as I felt it diluted the words 'world champion' somewhat. But the more I think about it the more I think Bilbo is right.

It doesn't really matter anymore how many world champions we have as we all pretty much know who's number 1 in each division thanks to The Ring.

I'm still undecided on whether the numerous belts get in the way of big fights happening though...