Can you give some specific set-ups? I haven't spent too much time with MoS yet, but one tactic occurred to me yesterday while taking a walk (which, incidentally, is when I do some of my best thinking). It's just theory at this point, but I plan on testing it out asap, tonight or tomorrow maybe.
Anyway, this is what I was thinking: as soon as the round starts, or at any point during the round when the opponent is far away from you enough as to not be able to immediately do a punish, or upon a knockdown, do a Back orb. Then do an Air Electric Fly and as soon as you land, do another Back orb. Of course, this is dependent on many factors, such as the opponent reading you and rushing you down so you can't fire off that second orb, etc., but it's an idea anyway. If this works though now you have a pretty long, maybe even full screen, Static Trap.
Another thing I wanted to say is that I am with Chaosphere on the whole wait and see approach, as far as judging the usefulness of Raiden's variations. Yea, I can totally see how his regular Teleport would appear to have very little use right now and I am a little bit bothered by the fact his single orbs in MoS have no hitbox, but it's still only week 2 since the game came out. I think we should give it at least a month to evolve, let some majors take place, and see what set-ups and uses (if any) people come up with, for all of Raiden's tools, before we jump to conclusions.