Truthfully, I don't really want to see Hogan back in the WWE again and for a couple of reasons.
1. Hogan really can't take the pounding anymore. I know it might be a hard truth for many Hulkamaniacs to swallow, but it is what it is. Several months ago, Hogan had back surgery, last I saw anything of him he was still walking with a cane. He's had hip replacement surgery I know for one hip, but has he had it done for both of them? Both of his knees are shot I think and, in the last few matches I saw him work, he was extremely slow and could barely move and that was several years ago. Hulk Hogan turns 56 years old in less than a month, it's time to pack it in.
2. Any match Hogan had would be god awful. I know it might be a hard pill for some Hulkamaniacs to swallow, but it's the truth. Hogan had to be carried in his matches with HBK and Orton and they were still kinda awful. Hogan was never a great athlete, but comparing him now to 10 years ago is like comparing two different people.
I know ratings is the name of the game and people will tune in to see what happens. Since it seems to be consensus for a Hogan/Cena match, let's use Cena as comparison. Because of Hogan's declining physical in-ring condition and capabilities, what exactly is Cena going to do with Hogan in a match? I doubt Cena is going to use that altered back suplex he does before doing the five knuckle shuffle. Even if he does, he'll barely pick Hogan up off the ground so the bump isn't very much and will look completely lame. The Attitude Adjustment? Pretty much the same thing. Hogan will have to take a pretty solid bump and who knows what it might do to him. The STF? I'd say Cena can forget using that as well. That can put some strain on someone with a good knee, it might obliterate Hogan's.
So, we'd either see a very subpar match in which Cena would look very bad or we could see a match in which a 56 year old man could very well suffer severe, potentially life altering injury. I don't really care for either option.
If Hogan were to be brought back, I'd might like the idea of him taking some young buck in the WWE, a guy that's got some potential but hasn't made it over the hump of being a major deal in the WWE. Be a mentor, a trainer, a teacher, etc. I also don't mean try to remake the guy into the next Hulk Hogan either. You know, have him come out to the music, wearing the clothes, doing the mannerisms and all that.