I do believe in an issue of universal sovereignty (more about 'free will') but whether the issue makes sense or not depends on whether you believe that resurrecting everyone who has ever suffered and died in this 'old system' is justifiable so long as they all get resurrected into a 'new system' where they will enjoy life for centuries, hopefully for all eternity, in a future paradise earth without suffering and death. The question then is: is such a future prospect for all the dead who suffered horribly enough to negate that suffering & death? My view is that this definitely would be enough and that Jehovah is justified in not intervening to remove wickedness PROVIDED that this future paradise earth, resurrection scenario that the JW's preach will actually come about! I see nothing wrong with the logic that given sufficently long time horizons and pleasant enough future conditions, whatever happens to a person in this short lifetime can be made up for.
And it wasn't J F Rutherford who first came up with this theory...it was Ellen G White of the 7th day Adventists with her book "The Great Controversy"...written long before Rutherford. Rutherford clearly borrowed his ideas from this.
What is wrong about the JW's version of this issue is the horrendous idea that Jehovah is going to kill for all eternity billions of humankind soon at Armageddon. That makes a mockery of Jehovahs love, justice, mercy and blows the whole theory out of the water.
Satan never claimed to be able to turn all of mankind away from God. JW's seem to imagine that if only a tiny fraction of humanity can avoid being corrupted by Satan then that is enough to settle the issue of universal sovereignty! Nonsense! If God is forced to slaughter nearly all of the human race at Armageddon, then Satan would clearly have won the issue of Universal Sovereignty, even if some of mankind always kept their integrity!