Tito can still compete at a decent level, I would like to see a rematch with Wanderlei and a fight with Shogun does interest me.
I'll go ahead and mention it, even though it's already a hot discussion. Tito had Machida in a triangle at the end of their fight. Putting Machida in trouble is something no one has ever done before, he put a triangle on a guy that rolls with Nog and is considered by many to be the next king of the Light Heavies.
Also being discussed is his fight with Rashad. Going to a draw with Rashad is impressive as well, Chuck was on his way to some form of a decision, draw, etc.. until, you know, he got knocked out. Now Rashad is figthing for the title. It would have been as simple as not grabbing the cage and Rashad would not be fighting for a title right now.
So.. although I agree that Tito won't be a champion again, I also believe that Thiago Silva, Liddell, Rashad, few others I cannot think of at the moment, will not be champion either, yet they deserve to be in the UFC.