I thought we would get a continuation of Elite vs Inner Circle but seems clear they're not going in that direction now. Narratively, Inner Circle is standing tall with both Jericho and PnP winning over the Elite. Meanwhile, the Elite has hit the lowest of lows- Cody loses his "only" chance at a title shot, loses his best friend. Omega loses to another ex-WWE guy and went completely off the deep end in the process. Bucks lost their feud to Lucha, lost to PP in the first round, and now lost to PnP. Page is the only guy to pull off a win but they've portrayed a strained relationship with him (at least on BTE).
I think the payoff is still a War Games style match between the factions, but that'll probably take the background as Cody and MJF feud and the rest of the faction works on finding themselves. And there's probably still more room for IC to stand even taller, eg PnP winning the tag belts.