First off, browncow will ALWAYS moo for Rich.
I think Ace is less concerned with belts now and more focused on putting on good fights against top opponents. Moving back up to 205 will give him the opportunity to take on some of the biggest names in the sport. Winning the belt is a longshot, but stranger things have happened.
Rich will pose problems for a lot of guys at 205 and separate the contenders from the pretenders. At least, that's what I'm hoping. I will reserve judgment until at least after he beats Hamill. He may not be coming in with the size and strength advantage he's capitalized on in the past, but now we will get to see how Ace stacks up on more of a skills-vs-skills level.
Sure he could lose to guys like Chuck, 'Page, and Wand, but those are top guys who can beat anybody on any day of the week. Our most recent memories of Rich may be of him being absolutely dismantled by Anderson, but his track record speaks for itself. His only losses are to the next LHW champ(as-yet-undefeated) and the P4P best in the world. The man wants some new challenges... and he's gonna find them at 205.
Still wanna see the Hendo fight though. 185, 205, 195... it don't matter.
As long as they don't set up Franklin vs Wanderlei Silva. That fight would break me. My fave MW and my have LHW killing each other.
Bottom line: Never count out Rich Franklin. The guy is athletic-as-hell, has a work ethic few can match, and has already proven that he can climb to the top of the heap.
*browncow moos in appreciation of Rich*