Wrestlezone reports that Bret Hart is on his way to meet with Vince McMahon about replacing Hulk Hogan on Tough Enough. According to WZ, its a very strong possibility that Bret will take over. It was previously rumored that Ric Flair would replace Hogan. Other names discussed include The Miz, Chris Jericho or rotating the coaches as judges.
http://bleacherreport.com/articles/track/248564-bret-hart-to-become-new-tough-enough-coach
Life comes full circle, just like Bret replaced him as face of the company in 93.. then replaced Hogan as Leader of the nWo as well.. seems fitting.
Jokes aside I think having Bret working with young talent is a good thing, I am curious why he hasn't taken the old Pat Patterson role of match finishes. That would help todays talent.