#1 A special title for brave souls
Even though Mick Foley is known for his death defying stunts through the course of his career, he is known to be one of the nicest, gentlest, sweetest human beings in the history of WWE. He is involved with a lot of charities and generally likes to make the world a better place.
Therefore, I would not be surprised if he joins someone like Stephanie McMahon in giving away a title to someone who's shown bravery in the face of adversity. It could be a CSR activity, much on the lines of the Warrior Award that is given away at the WWE Hall of Fame every single year.
I will not necessarily mind the introduction of these titles but there's always a chance that the crowd might. So WWE could be bringing in Mick Foley to soften the blow significantly.
Because everyone loves Mick Foley!