If the ref stopped it due to Thompson's elbows and Kimbo jumped up and disputed it we'd have people whining. Kimbo was moving his head in to reduce the damage and his free hand to reduce too. Thompson had a very, very, dominate position and couldn't do enough damage, plain and simple.
Your thread/post says EliteXC is an embarrassment. Your only reasoning is because of a (what you believe to be) ref stoppage. The Ref is not exclusive to EliteXC, he's referee'd in at least the UFC too.
Now if you where to whine about the silly entrances by Busta Rhymes and Baroni, throw in the fact that the announcers were rather lame(in my opinion), and the production treated viewers as they had never seen MMA, then I might agree with you. Trashing an entire organization, however, based off one fight is not a good arguement.