I just watched this movie for the first time a month or two ago (sacrilege, I know), and you are 100% correct. It actually made it kind of hard for me to focus on the movie, because I kept waiting for Tony to bust out a Razor's Edge.
On Orlando Jordan: I'm not offended, but I don't care about him at all, either, and I don't see Orlando and his "bizarre" behavior bringing anything of value to TNA.
On The Pope: Not offended at all, and hadn't even really thought about him in an overly religious context until it was brought up in this topic.