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According to PWTorch.com, Eric Bischoff was told that his removal from the RAW General Manager position was not, by any means, a punishment.
However, he is not aware of any plans to return to television.
Vince and Stephanie McMahon both expressed their appreciation for the work he'd been doing but gave him no indication of when he would be back on the air.
For the time being, he remains under a $200,000/year television contract, although it is possible his deal will not be renewed when its expiration comes up. A number of former WCW wrestlers who were released by Bischoff would take great satisfaction in Bischoff's run with WWE coming to an end.
I hope not, he's a good television figure. I think they may just not know what to do with him not that he's no longer the on-air GM. I think they should do the rumor that was going around and re-unite 3 Minute Warning with Eric Bischoff as their manager, then have him continue his quest to get the WWE Championship off of Cena by any means necessary.
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Wrestlign wise they wern't that good because like most big men they would get exhausted after a few minutes, but the had a good gimmick and would pretty much beat down anyone. I don't know why but I enjoyed watching them.
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I think the worst thing about 3 minute warning was their name (individually and as a team). I mean come on, were supposed to take someone seriously called Rosey. LOL
Why the hell'd they take the GM role away from him anyway? He's been the only consistently entertaining GM. Look at Smackdown, they've had so many GM's that I lost count, and aside from Heyman not a one of them have been as entertaining as Bischoff was.
When you see Jerusalem being surrounded by armies, you will know that its desolation is near. Then let those who are in Judea flee to the mountains, let those in the country not enter the city. For this is the time of punishment in fullfillment of all that has been written. How dreadful it will be in those days for pregnant women and nursing mothers! There will be great distress in the land and wrath against this people. They will fall by the sword and be taken as prisoners to all nations. Jerusalem will be trampled on by the Gentiles until the times of the Gentiles are fulfilled.
...At that time they will see the Son of Man coming in a cloud with power and great glory. When these things begin to take place, stand up and lift up your heads, because your redemption is drawing near.
Luke 21:20-28