#4 No role at all
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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...