I would like to see them hold off on giving anyone a title shot right away. I think by the number of arguments we obviously have here that there may not be 1 true undisputed #1 contender. Matt Serra is a good poster boy for the short term, let him sit on the sidelines and help give UFC a good name while over the next few PPV's figure out who is the undisputed, or at least heavily favored #1 contender. I mean they were billing Kos vs Diego as the winner fought GSP once he beat Serra. Now we have Hughes, GSP already asked for a rematch, Kos, and Diego still thinks he earns his shot, and I am sure there are a couple others who think they deserve a shot too.
Smart move = lets settle who deserves the shot first
Dumb move = declare a #1 contender while it is still being disputed