Disagree, you can set up the Bendo/Melendez fight now for the 4/20/13 FOX card, and then Pettis/Cerrone winner fights the winner of that fight in July or August. The only complication would be the Eddie Alvarez situation, not sure what's going to happen there and with this "intent" for him to get an immediate title shot if he enters the UFC.
Melendez as a long time champion deserves the immediate title shot. Alvarez, while a hell of a fighter, isn't the champ in Bellator and does not deserve the immediate title shot. I don't see why the UFC even threw that in the contract, it makes zero sense since it's a lot easier for Bellator to give Alvarez a title shot after that sick first fight vs. Chandler than it is for the UFC with deserving guys like Pettis (should he beat Cerrone) and Melendez.