I don't think Chuck will move to HW anymore. Maybe if he was still the champ, but I don't think he'll move up after a loss like that. Plus the HW division is too stacked for him right now. I don't think it'd be a good move. I wouldn't mind seeing him fight someone like Keith Jardine next, or maybe Rashad if he loses to Tito (if he wins he should be next in line for a title shot). Othwise, I think he'd be a good test for Alexander Houston, but I doubt we'll see that.
Or, how bout that fight with Wand that was supposed to happen last November. Even though neither of them are champs anymore, I think everyone would still want to see that fight.