I think what Shawn Michaels is getting at is that Eric Bischoff is pretty much a one trick pony who only knows how to book one storyline which is the nWo invasion. Hell within the last few years we've had Aces & Eights and Immortal where both angles were clearly nWo ripoffs. That's not even mentioning the kOw angle with Jarrett, Hall and Nash that TNA did in the past as well, although that was before Bischoff's run in the company.
Honestly, Stables are TNA's main problem. As long as I've watched TNA I've seen a stable taking up TV time nearly every year. It's like Superman Cena, I've really seen enough of Stables in TNA and I really wish they took 2-3 years off to just have singles storylines be the focus of the show before doing another one, and when they do write another one, I'd prefer it to not be the nWo again.
TNA should've just given in to Heyman's demands and brought him in years back, the combination of Russo/Dixie/Hogan/Bischoff has really hurt them from being bigger IMO. With Heyman's booking and Panda Energy bankrolling them TNA could've had an incredible product right now.