The Intercontinental Title is a championship that is exclusive to the Raw brand. It appears in Smackdown Vs Raw 2006, Smackdown Vs Raw 2007, and Smackdown Vs Raw 2008. It is the mid-card title for Raw. Carlito, Johnny Nitro, and Umaga are the default champions outside of GM Mode.
The Intercontinental Title is a mid-card title, and anyone on Raw can compete for it. Since Raw has a large roster, the competition for the title is large.