Well...you are VERY close...but its not under, its OVER rated. Hulk Hogan is clearly the most over rated wrestler in history.
I will grant you he had charisma. Big deal, Hitler had more...LOL. To say his promos were great is to forget one fact. He only HAD one promo! Well let me tell ya somethin brother! There were all essentially the same! Not real hard to do. To say he never botched a move is silly. He did that a lot, especially in WCW...but setting that aside, how many moves did he have?? I don't count posing or finger waggling/pointing to be moves. So lets see..he gave a couple of punches...threw opponent into the ropes....lifted his leg up...then bounced himself off the ropes to deliver the most pathetic leg drop in the world. Seriously, if you watch, the leg doesn't even touch the other guy most of the time! Aside from doing that and getting hit, he did nothing in the ring.
Ummm...he didn't have things in his matches that looked phoney?????? OK...guy is getting the living hell beat out of him, suddenly he gets on his knees and starts pumping his arms (as we all know, this cures most injuries as well as makes you invincible!). He slowly gets up..arms pumping (while he is still getting the hell beat outta him) Eyes BULGING and arms pumping!!! He gets hit, eyes bulge more...hit again (by an oppontent who seems bewildered by all this) and he looks (with bulging eyes) right at the opponent and points his finger at them. Naturally this terrifies the opponent who begins to beg for his life. One head punch...two...and three! The oppontent is staggering! He tosses them into the ropes and lifts his leg...WHAM opponent is DOWN!!!! Leg drop, Hogan WINS!!!!!!!!!!!! Thats not PHONEY????

I strongly disagree that he sold in his matches, especially WWF/E. He refused to lose a match except in VERY rare occasions. He always had to be the star. Now Flair on the other hand sold VERY well!

You love Hogan, and hey...he is one of the biggest stars in wresting history. Given his abilities, that clearly makes him the MOST overrated wrestler in the world.