With WWE, you have to soften your expectations. At least with Raw, I don't watch SD. You're not getting, or at least rarely are, a prolonged very good match with a clean finish that makes sense. Everything is overly formulaic from production to promos to formats to cookie cutter characters to short "matches" to bad acting, etc. Still, one of the things WWE has going for it is it's still the #1 spot with the guys most consider legit stars. Top to bottom, they have the best roster if you consider stars and potential of guys who can work. Plus, while production is incredibly stale...it's still light years ahead of anyone else in the business.
You have to go into it knowing the majority of their product is not geared towards us. It's pushed at the kids or the new viewers (not that they have a ton).
----------------------
TNA, I find incredibly frustrating to watch. I would love it if they were a legit alternative to WWE but it's not. We've been saying this for years, everyone has really. Yet, TNA is stuck in the sand because of mismanagement. The one person with power is too nice to lay down the law and rock the boat which leaves the guys handling creative to do whatever they fuck they want without reasons to be concerned with their job security. While WWE has the exclusivity on star power, TNA has a fucking great roster if guys were allowed to do their job and work great matches on TV.
Unfortunately, and this has been the case pretty much for the majority of their existence and sure as fuck since 2005, TNA is pushed/booked/written/promoted to be WWE-lite. Which like W2B said, anyone who dislikes WWE is sure as fuck going to think TNA is a joke. Meanwhile, there's so little to differentiate TNA from the big dog that how are they going to cut a bigger pie of the wrestling audience for themselves? Their audience has been set in stone between the 1 million people who watch them on Spike every week and the 30,000 or so people who buy their PPVs once a month.
--------
As for Ring of Honor, if you have a Sinclair affiliated network where you live, you should be watching the fuck out of their weekly syndicated show. It's only 1 hour and they don't really have any "superstars" mainstream fans would know (maybe a guy like Jay Lethal) but you're more likely to find a fun, logical match or two more often with ROH than the two above.
This is not counting their DVDs, either.
----
Or if you want to mindfuck yourself, depending on where you live and what TV provider you have....check out Galavision on the weekends and watch some CMLL. Unless you speak Spanish, you won't understand what they're saying but after watching 5-10 minutes, you'll get the basics of what's going on.