I was about to say something, but X had that covered; it says nothing about him actually returning to television or (Dear God, I hope not) even returning as Eugene. Simply put, the gimmick needs to stay far far far far far far far far far far far far far far far far far..... Gasp...... far away from the ring. They've already trotted it out, and people shat all over it, as they deseved to. As a matter of fact, it's very possible you will see Eugene in my John Tenta Memorial for Terrible Gimmicks.
What I really don't get is why they're bringing in a relative jobber to teach kids. It just really doesn't make much sense to me; he's good in the ring, but even then, he was nowhere the best worker in the ring. It's the same thing that I'd argue about Billy Kidman taking over for John Lauranitis at some point... Neither of these wrestlers really drew a dime as wrestlers, and I can't really see these wrestlers helping young blood learn how to draw, either. He was never a real main event wrestler, and got by on a gimmick that is utter crap. If he's merely teaching the kids how to wrestle, well then sure, give him a spin, otherwise, I don't get it myself.
And a word of warning.... Those that find themselves in the John Tenta Memorial for Terrible Gimmicks rarely find a recovery point. Beware to any wrestler trained by Nick Dinsmore, or to Dinsmore himself...