With perhaps half a dozen of the girls in the house making it into a list of top 30 actual or potential flyweights I have to admit you have a good point.
Outside the house you have the non-English speakers, the current UFC girls lined up to move to fly, some good fighters in Bellator and LFA etc.
Whoever is crowned champ just won't have the kudos normally associated with a UFC belt holder. I guess they're thinking we'll crown a champ and in March she'll fight a legit top contender and then the winner will be recognized as the best.
I'll be watching though, sure to be some fun fights.