@diophan By no means did I intend on painting everyone who didn't compete for the title with one of three characterizations. They were meant as three examples of people who wouldn't care about the title. I know that those three characterizations can't possibly encompass everyone who doesn't compete for the title.
What the title means to the individual who wins it, and the community at-large is bound to be different for each person asked. I've gone to Champs in Indy with the Forinos, Mike Lupo, Josh Meckes, and others, and we went to win the title. If you had told us that there was a big tournament in Indy in August, none of us would have gone. I can run events out here, including events that get solid attendance. The title is what matters.
Honestly, I think rotating it is probably the best idea. Pick a T/O in Europe capable of running the event in the manner it should be run, and run it there once every two years. Run the American event here once every two years, and use Nick Coss as the American T/O. In the off years, run an American Championship/European Championship.
I also floated the idea of staggering Legacy/Vintage Champs so that in a year when the U.S. has the Vintage World Championship, Europe has the Legacy World Championship. There are positives and negatives to everything going on, but we could create a series that doesn't screw Coss this year, is more equitable for European Vintage players, and potentially helps both communities.