Quoted from an interview from noholdsbarredwrestling.com;
Kurt said he decided to put off dropping the strap at Smackdown because most people were counting him out including the creative team. He added that doctors have given him the ok to continue working for at least another year if he chooses to and says the only question that should be on everyone's minds right now is who will win at WM19 between him and Brock Lesnar.
That puts a different spin on the situation entirely, though I do suspect the WWE will ask him to have surgery as soon as possible. I guess it's also possible he's working the IWC to add a level of unpredictability to his WM match up.
I agree with your second thought. I think everyone who knows about his condition thought *for sure* he was going to lose the strap a week ago, and now we've told everyone we know about it, so at this point everyone and their mother knows that the WM match is just a formality. I figure they're just hoping to use us in the same way to make it look a little un-predictable.
Wrestling exists in the eternal present. What is, has always been, and when it no longer is, it never was. It has no past and no future, and sometimes even today is in question. - Madame Manga
Angle was on the radio this morning and said the same thing. His comment was that he has had this injury since the olympics and that if it were as bad as people were saying there is no way he'd wrestle. He said he will have to have the surgery sometime, and gave a timeline of a year from now maybe.
He also said that Lesnar was probably the toughest man on the planet??? Maybe he was just trying to hype the show.
Austin tomorrow, 93.7 in minneapolis, time probably 8:30-9 CST if you want to hear.
Wrestling, just like most other forms of entertainment, tends to go through natural low and high cycles. Currently in the US, it's somewhere in the middle (or it's low, but showing some signs of improvement.) Eventually it'll work itself back up again.