According to that article right now they are only doing that in Japan. I'd say that hopefully this will eventually make it stateside, but I already have one.
"Now that you've built up the courage to get into the gym, let me give you five reasons why you should put in the time to train with consistency: 1. Increased strength 2. Improved self-confidence 3. Injury prevention 4. Self-discipline 5. Sex (Trust me, you'll have a better shot with the ladies if you're in shape.)" -- Making the Game, pp. 14 - 15
No Mercy and WM2000 are both absolutely killer games. WCW Backstage Assault is the one you're thinking of, but I never played it and don't know how good it is. The ECW game sucked, but it might be kinda fun to mess around with now for the nostalgia.