Yeah, similar circumstances but the main difference is that it was bad financial management and the established stars (**cough** Hogan **cough**) burying the talent via storylines that lead to WCW's demise, whereas it seems like the lack of creativity, PG outlook and the stranglehold that VKM has over the writing that seems to damage WWE the most.
On a side note, I can't believe all the WWE promos are fully scripted these days - that can't be healthy can it?