Somewhat okay RAW I guess. I think its good they kept Punk off and refrained from promoting him or saying his name. I like the whole 'lockout' vibe between the company and him.
Here's what I see happening (more want to see happen though):
Miz faces Mysterio next week. Whoever wins that is the "champion" for the time being. In the coming weeks, Punk returns and says he's the true champ only to have John Cena come out and say he deserves a rematch. HHH then makes it a a triple threat match at Summerslam for the WWE title. Punk retains, so the company can legitimatize him as a face. At Survivor Series (or around that time), Cena blabs on how he wants a one on one match with Punk. Punk drops the title to Cena in a swerve by HHH to turn him into the heel chairman he's supposed to be, setting up for a HHH/Punk feud right on time for WM. By that time, Cena can drop the belt to someone else, so we can HHH/Punk and Cena/Rock, giving the title dynamic to another feud.
Wishful thinking?