The problem is that if you are considered the pound for pound king, then you should not be fighting at or demanding catchweights. Because this fight is at a catchweight, Manny is losing some respect, especially if Manny wins against Cotto, whom we all know had weight issues in the past below 147.
I certainly think Cotto is still good and definitely not washed up (he has been fighting the top welterweights for some time now-of course not all of those fights will be resounding successes). I also do not think that Manny can fcuk with Cottos power, jab, body attack, and ring intelligence. It will take Cotto about two rounds to adjust to Manny's speed and feel how much power he has, and after that, it will get brutal for Manny. So if Manny wins, I will give him credit, even at 145, a weight that will allow Cotto to retain whatever speed he has AND his well-known power.