Yea I suppose the representation of women ain't great, but with the demographic, that's what works. Though I believe the Divas certainly represent (at least subjectively) strong, independent women, who can find a helluva lot of success even in a male dominated environment, e.g. Trish.
And not all Divas are exploited (if you will), Molly Holly being the example. She's a devout Christian and left WWE on good terms, and says she would come back any time.
Undertaker and Michaels are still around, fake plastic love, I'd say they're still 'good'. Plus Edge is arguably at the peak of his career, though admittedly it did take him 8 years to reach the top.
The McMahon-Helmsley era was a great time in the business, fun to watch and it garnered big ratings. The times when The Great One threatenend a full walkout if Mick wasn't reinstated and when Jericho 'won' the title stand out as two of the best moments.