I agree with you n Bully played those promos very well..he's real good at what he did!!
I think there's a lot to be said for hindsight here. A couple of the points Bully made seemed to be reaching for TNA to have booked it that way. For instance the part about calling Bobby Roode and convincing him James Storm was behind A&8s was probably not booked that way at the time but is easily explained away with a phone call that took place off camera.
That said I loved the segments where Bully explained the whole plan, it's so rare to see all the plot holes filled in wrestling and to do it in the series of segments with Bully narrating was brilliant.