Nah, i think its just Russo. The writing in general is just terrible. They had the freaking NWO there for awhile and still couldn't put the company over. I mean, come on now.
I love the talent they have in TNA, i prefer watching guys like Angle, Anderson, Sting, Steiner, Styles, Joe, Beer Money, Crimson, etc. I really wish Nash hadn't left, but i think they have some strong personalties there.
You don't have to have great "wrestlers" to make a great show, meaning you don't have to have super agile and athletic guys. The attitude era was amazing and it was built mostly around promos and good storylines and great rivalries more than the quality of wrestling that was going on.
I think the main problem in both companies is that they just arn't developing enough new strong personalities and the ones they do have are being misused with crappy writing, and in the WWE's case, trying to push new stars when they just don't have the "it" factor. The Miz and Del Rio are just awful imo.