#4 No role at all
Okay, so we have to go from one extreme to the other, he's either all in (ahem) or all out. Michaels IS scheduled to appear at the Super Show-Down, but what role could he play? It might not even be anywhere near this match. Maybe he's there to produce a match or two and might be out for a quick hello and a promo, maybe he just builds up the match, or maybe he hosts the whole event. It's anyone's guess.
As we said before, Mr WrestleMania hasn't been near a ring for eight years as a competitor, and his return would undoubtedly be huge news, so why blow it at the Super Show-Down just one month away? Well, ticket sales of course, but there's no news of them doing badly, and Michaels could be a huge draw for Mania.
We'll keep this one short and sweet though because, for me, it's the worst option and the one I don't want to happen - but there's every possibility Michaels' Raw appearance was a one-off for the feud and his role at the event Down Under is completely separate to the match.
But maybe there's some middle ground...