If they bring back Steph as GM, I really hope they do some type of swerve with her and Angle. That way Angle can stay on top and use a relationship with Steph as a way to keep Angle as champ (if he were to win it again). Then you have the classic babyface chase story, say with Cena or Eddie trying to get at Angle.
However, I agree that the whole authority figure thing is played out, problem is people like Vince and Steph draw numbers on TV, so its unlikely that will end anytime soon.
As for Shane, I cant really think of a really creative way for him to come back. I guess they could play off the heat between Shane and Eric from before, Shane could sya he's going to take Eric (RAW) down. Or maybe they do some kind of thing where he wants to prove he can run something as a way of showing his Dad he's worthy.
But I think in terms of angles, Stephanie is the better way to go, even though she's extremely annoying.
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