I was not impressed with this version of Smackdown so here goes:

Good:  the contract signing.  It got a bit weird and the last part of Edge's promo made him look stupid. Vickie is going to put the Big Show in because he is WEAKER?  WTF?? However, Edge doesnt write the promos.  Anyway, Vince and Uncreative got to do better jobs on this, IMO.  Anyway, I liked the whole segment pretty much.  The signing could have been better though.  Wonder what Cena whispered in Vickie's ear? Guess we will find out on Raw.  I have a sick feeling what will be revealed is that Vickie had an affair with SHow while Edge was gone. Liked the backstage stuff with Edge and Vickie.

Bad: Just about everything else on the show.  MVP/M. Hardy had a terrible match. Was not that impressed. 

Taker's promo:  I don't like it when Taker talks. He is just not a promo guy.

The ladies match was not great.

Umaga (who is evidently ok btw) and HHH was bleh.  I thought that the post match beatdown by Legacy went way too long.

Benjamin and J. Hardy were ok. 

Well, I hope WWE realized they have a PPV to sell.  This was not very good at all.