I don't think that would be so bad. Bellator just got bought by PFC or something like that. They might be able to leverage for a bit more prominence in MMA. I'd like it if UFC had some competition so the fighters pay could become something that the various promotions would be forced to compete on. As it is now Dana and Co. can basically do whatever they want and if you don't like it, there's the door.
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And that's exactly what just happened. One of the UFC's most rising and promising fighters has abandoned the UFC. In his first fight he made more than he ever made in his entire life. In fact throughout his entire UFC career he didn't even get 10% of what he got in one night for a fight...
UFC is in huge problems. And bringing back Conor McGregor isn't going to help them a bit. That guy has absolutely exploded on steroids. The more you see his muscles swell the more you know his testicles are shrinking.