Really insightful post... but even in the UFC they don't just celebrate the champions, they celebrate solid, aggressive, technical fights, and after well-fought matches the two guys embrace almost more often then not - something rarely seen in wrestling. There's an enormous amount of competitive respect between fighters who both know through competition how much the other has sacrificed to get where they each are.
One of the only notable moments I can think of when wrestlers even came close to embracing was when Burroughs put his arm around his Iranian opponent on the podium, and immortalized the role wrestling can play in diplomacy and geopolitics.
And even for fans of college wrestling, dynamic of not having a push-out rule changes the sport drastically and allows for strategic and intelligent stalling and for milking positions for stalemates - something freestyle doesn't have. I don't think it's a coincidence that freestyle has the raucous fans it does internationally, while our college duals can often be cricket symphonies.