Bliss and Lynch have had a solid rivalry so far. Bliss, as many people who saw her on NXT expected, has made for a great heel. Lynch just won the title at Backlash, but I wouldn't mind her dropping it to Bliss at No Mercy. I think the main reason they gave it to Lynch was because it made for a better first SmackDown's Women's Champion, however she isn't someone who needs a long reign. The only problem I could see happening is assuming the Usos win and Miz retains (which I could see happening, although I'd bank on Ziggler), SmackDown would be dominated by heel champions. Not the worst thing in the world but maybe something they should avoid.
Hopefully Bliss wins it one day. She's very good. Also think it would be cool for Asuka to debut down the road and be the one to take the title off of her. And right then just made me think of how good an Asuka/Lynch match would be.