I dont know why you are so against the WWE Network, but everyone who has it seems to love it. You are insane if you truly think this will be gone by summer. If anything major happens it will be them taking live PPVs off the Network and putting them on it a week or so later.
I do expect WMXXX to be next to unwatchable when it airs live. I also would imagine if I am right about that they will offer something to make up for it, a free month or two of the Network or something. Maybe send the Miz to every subscribers house so we can all beat on him for a few minutes.
Internet programming will never put cable tv programming out of business, but this is the future and how more and more people watch their shows. To want to put this on cable alone would be a major step backwards. Unless they had some sort of deal where you get the cable channel, plus the internet stuff along with it.
I think you should just hook your Xbox up to the tv and pay the $10 monthly fee and enjoy what is a great thing for wrestling fans.