This angle would be sheer brilliance if it was just one five minute segment of Vince chasing Mr. America Keystone Cops-style, only to trip over something, left only to shake his fist and go "I'LL GET YOU HOGAN, IF IT'S THE LAST THING I DOOOOOOOOOO!" If Hogan would then go "woowoowoowoowoo" like Curly, that'd also be pretty choice.
But instead they waste half the show with it and it just becomes plain stupid, not cute stupid.
As for SNME being a mixed brand show, I sorta doubt NBC wants 'stars' from a rival network on the show getting viewers to watch that other network. I'm guessing we'll perhaps get a Boogeyman appearance though, cause I love that guy! Here's hoping!