I've been sick and just rewatching Nitro. I gotta say the first year and change is some of the best, breeziest wrestling you can hope for, up there with (ironically) the first year and change of Raw.
If only they had stuck the landing for the angle built from Nitro 1 and given us Sting/Luger vs Hogan/Macho at Starrcade.
Flair can win the belt back 24 hours later on Nitro.
They can even get really wild and book the Mega Powers vs Sting/Luger for Starcade, with a 4 way world title match later on in the same show to really ramp up the tag match drama.
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New Japan can still have a strong presence if need be.
Eddy, Dean, Alex Wright in singles vs NJ Juniors Koji, Shinjo, Liger
US Champ Kensuke Sasaki vs either the One Man Gang (to do the title flip) or maybe vs the Giant (who can declare he wants the US title so he can be number 1 contender)
or Sasaki/Hawk/Norton vs Giant/Shark/Gang in a hoss fight. That sort of lowers the Giant too much, as he was still a real MONSTER. Is Bubba in the Dungeon at this point yet? I don't think so?
Flair, Arn, Pillman, Beniot all need something to do yet... maybe they work Sullivan/Meng/Giant/and whoever (Morrus, Zodiac, Gang etc)
That opens Sasaki/Hawk/Norton to face Kurasawa/Slater/Buck or Super Assassins' to blow off Hawk's broken arm angle
WCW Tag champs Harlem Heat vs Chono/Tenzan
Taped Fist champ Duggan vs Masa Saito
TV champ Badd vs DDP
Lots of mix and match possibilities.