I really like what
@WoodenPupa has added to this thread. The only thing I would add past what he has been saying is that this company started with people who just wanted to fight and prove themselves. Sure, they weren't paid much, but most of those guys weren't in it for the money. Now that the company HAS grown to be more than just a Gracie theater, it needs to remember that without the fighters, there is no UFC. I'm sure it could fire every fighter right now and hire scrubs, but who would watch? Would you? It's at this point that it really needs to start taking care of the fighters, before they are forced to.
Continuing on this path is leading to two outcomes: a fighter union or government intervention. Sure, you can say that people like Sage and Wonderboy are happy where they are with the money they are getting, but they are the bottom tier. Until the top tier actually starts speaking out, or until people who have a powerful voice and and have no ulterior motives to out the UFC (former fighters like Florian, Schaub, GSP, and Sonnen) start speaking out, I don't think things will change.
It's kind of a scary time right now. The Fertitas sound like they want out of the business altogether - if they ever really wanted to be in it at all - and Dana has certainly taken a huge step back from where he was just two years ago. I'm wondering if those three aren't just going to jump ship soon, having made all the money they think they will make from it. Reebok is paying them, Fox is paying them, and they're possibly thinking this is as good as it's gonna get before something steps in and creates more trouble than it's worth (lawsuits, government regulation, fighter union, some upstart commission changing a bunch of things).
If I were a gambler, I'd bet there are some big changes coming for the UFC shortly after 200.