I would like to see a new fight at LHW...
If Hendo beats Machida he deserves (although no one truely "deserves") a title fight. It would be a good validation of Hendo's legacy if he gets the UFC belt, however I don't think he wins. He has a punchers chance, but I believe that JBJ is currently well within his prime and has possibly a 2-3 year stretch of being at the top.
It would be good to see JBJ vs Gus, but I would liek to see Gus beat a good wrestler before he gets a chance at JBJ. He is a good fighter, but I wouldn't like his boat to flame so early. If he loses a title fight where does he go?
Gus vs Rashad would be a good fight. The winner could get the shot after the Machida Hendo winner, and the losers could fight each other. However there is the inevitable backlog, esp as we're waiting for TUF 17.
Rashad Machida II would probably be a better fight than I, but I'm not sure if Rashad matches up well with Lyoto's style. I still think rashad is a perrenial 2-3ranked LHW since his Chuck win.