WWE was actually interested in bringing John "Bradshaw" Layfield back to the company to fill the color commentary spot opened on Smackdown by Booker T. I'm told Layfield only wanted a one year commitment but WWE didn't want anything shorter than a two year dear, as they didn't want to be in the same situation a year from now.
Mick Foley was also under consideration for the spot but I'm told it's a "tough one" due to Triple H loving to bury him every chance he gets. Add that to the fact some feel they've "been down that road" before and most do not see him getting the spot.