I like the fact that there aren't a ton of storylines in PWG. It makes buying random old shows easier to follow and helps future cards if someone no-shows a replacement can be found without messing anything up. However, there's a difference between having few feuds and not having any. We're about 3/4 the way done with the year and really, what angles were there this year? The only real one was probably the continuous Young Bucks as champions while Generico tries to find someone to team with to beat them. You had a little feud with The Bucks and Cutlers, but they set that up pretty quickly to end at SEVEN. Unfortunately, PWG has killed off several angles that had potential to be good. The big six man feud of The Bucks and Kendrick vs Omega, Cabana and Generico that the end of BOLA 2009 seemed to hint at ended before it actually began. The Cutlers and Joey Ryan/Candice LaRae feud was ended with the Cutlers and Joey Ryan being partners randomly.
Just having one major angle that can incorporate a lot of wrestlers is good enough. The Dynasty vs PWG worked so well in 2006 since it opened up so many matches and every show could have some sort of storyline progression to it. A simple angle between Human Tornado and Candice LaRae ended up involving a half dozen or more guys ended up lasting close to a year and a half.
It doesn't need to be something big, but just something that can make the matches mean something more than a win or a loss. We've had a lot of new locals the past year and a half. You could easily have a New Blood type deal where Gatson, Goodtime, Ryan Taylor and Malachi tries to steal the spots of established PWG wrestlers such as Joey Ryan, Chris Hero and El Generico.