HW is paper thin but I think it's getting better. Steep is clearly the best fighter and I expect he'll tool Francis again, who is also in turn a very exciting fighter who has the incredible quality of being able to KO fools with no technique.
Stipe and Francis are obvious #1 and #2, but Blaydes, Derrick, Jair and Overeem are all a fight away from a TS. They're all pretty see through, their weaknesses are obvious and PFP they aren't too level.
Volkov, Walt, Sakai, Ivanov and the like are all decent fighters, good gatekeepers. No interest in watching them fight but against a good opponent I'll tune in.
Big question is how Gane, Aspinall, Bower and in a very different way Latifi, Jones and Gus do. The prospects are very exciting, Gane is the most complete HW to debut in a while, and the LHWs all have good potential. People are writing off Latifi and Gus but Latifi arguably beat black beast and Gus did what anybody else would do against Werdum, got submitted.
Is it the worst division in men's MMA? Yeah, probably. Are there still a ton of exciting fights to make? 100%