Yeah, they buffed up the women. I think the womens tag belt might primariy be on Smackdown even though it floats brands. They added a LOT of women to Smackdown.
Mens division definately got deflated. But maybe a smaller roster is a good thing. Bloated rosters in the WWE unfortuantely mean a lot of guys don't have a lot to do. Smaller leaner roster potentially means less people will get wasted. Potentially.
I assume Joes is going to RAW too though, since Smackdown got the IC belt.