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I'd rather see WCW formed as a group that came in and try and took over the WWE. Shane McMahon could sponsor them, and their wrestling leader could be Chris Jericho -- the man who unified the WCW Championship with the WWE Title. You'd just have Jericho win the World Heavyweight Title for the third time, and rename it the "WCW Championship," and start calling himself a five-time WCW Champion.
Big Show joins them without too much prodding, as does William Regal. Finlay could turn on Hornswoggle, and go back to being a bad-ass heel with the WCW group. You could even get some faces wearing the WCW colours. Get Norman Smiley to work some shows.
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