Will the NWO ever be reformed in WWE again?

A faction with Hogan and Nash and a few others may form, but it won't be as successful as the NWO was, nor will it be called the NWO. It would be interesting to see if Hogan even joins or forms a faction at all though, because that would be kind of a heel thing. Up to this point, I thought Hogan would be a face in TNA, but now it looks like he may just be more of a tweener, since there are so many fans both for and against him.