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I understood it as being the same thing as Co-GM. When Austin answered the phone, he said he didn't want to be Co-GM again unless it was under his terms. When he came out and said "There's a new sheriff in town", all he was saying was that there was somebody there to counter Bischoff. He may be known as the "RAW Sheriff" or something, a nickname in a way, but basically he's Co-GM again.
That's how I took it. Not as GM Bischoff, and Sheriff Austin. It's just Co-GMs like it used to be. Unless I am completely missing what people are saying in this thread...or I am just wrong either way. Whatever.
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