I hate to be the lone voice, but as much as it hurts me to say it - I disagree.
MX was in a decline long before the switch to 4$. Long gone were the days of 50k fans standing in the mud or dust. Gates were drying up faster than a desert wash. Anybody who was anybody was leaving the 500's behind and riding 250's.
There was a lot to share the blame; the economic model used to pay racers, reed induction and power valves, the explosion of other "extreme" sports, and the AMA/Honda Conspiracy, etc.
The point is, we shouldn't be living in the past (except us Vintage Riders) and thinking to the future. What makes sense to organize the sport into classes and divisions? The cylinder capacity obviously isn't correct.
In today's "greener" society, I propose an emissions based class system. Each moto would be limited to a fixed amount and type of fuel with a fixed carbon output. Faster classes would have more fuel and output. Truth is, it wouldn't change anything really. You'd still have the premier guys on 450 4$ or 300 2T and lap times would be unchanged, but the focus would be on something more relevant to the sheeple than the volume of yer jugs.