As briefly mentioned here in our update on Evan Bourne, WWE still has preliminary plans for an all-cruiserweight show, as the series was originally tapped for the WWE Network. We're told WWE is still targeting top cruiserweight talent on the independent circuit to possibly use on the show.
There have been serious discussions between WWE and Full Sail University about hosting the tapings. WWE has been thrilled with the facility for NXT and are looking to tape the cruiserweight series there as well. As for where it would air, it could end up on Hulu Plus like NXT. The WWE Network is obviously not a viable outlet at this point.
We're told discussions with Full Sail have progressed to the point of potential scheduling for the filming of a second show, what would be done to give the show a distinct look separate from NXT, etc.