The reasoning behind not crowing a World Champion on the first show is two fold as most companies may not be able to afford a World Title belt right away. The other reason is because you have to also have someone on your roster worthy of the title meaning someone who you could turn into a regular roster member for the company.
Looking at this show their are a few names that I am surprised to see like a Jeremy Lopez who was often used as a job guy in the later years of WCW. Then you look at the amount of raw talent on this show from AJ Styles to Low Ki to Christopher Daniels to Bryan Danielson to Jay Briscoe and the list can keep going and going. Though the ROH roster was fantastic at this point I think it might be even better in the modern day.
Christian York & Joey Matthews Def. (Pin) Jacob's Ladder & Prince Nana
Bio-Hazard & Michael Shane Def. (Pin) Don Juan & Paul London
Mafia & Monsta Mack Def. (Pin) Chris Divine & Quiet Storm
James Maritato Def. (Pin) Jay Briscoe
Boogalou & Homicide Def. (Sub) H. C. Loc & Tony DeVito "Bunkhouse" (Tag)
A.J. Styles (C) Def. (Pin) Adam Jacobs, David Young Three-Way DanceNWA X-Division Title
Dunn & Marcos & Mike Tobin Def. (Pin) Black Gordman, Jr. & Brian XL & Dixie 6-Person Tag
Scoot Andrews Def. (Pin) Xavier
Low Ki Def. (Pin) Christopher Daniels, Doug Williams, Spanky 60 Minute Iron-man (4-Way) ROH World Heavyweight Title