Meltzer gave a bit of info on the podcast right now on Flair and the lawsuit business.
The lawsuit is still there, but he talked to mcdevitt (Head of wwe's legal team) and he said they(TNA) have literaly done nothing with it since we all originaly heard about it. Because of that, they moved forward since it had been almost a year. This just means all the theories on WWE dragging it out and such weren't true, TNA apprently had no plan when they filed the suit except keeping WWE from singing people, when the only person they wanted was Flair.
Also said the current plan is indeed to try to save Tensai by making him a comedy guy since they failed so hardcore in getting him over as white japanese guy.