You might not be that far off, I could see Vince enjoying the chance to embarrass Hunter by not having any issue approving one of the top stars of the company that kicked his ass to be on WWE programming. Especially with the story Austin told where he called Vince twice to clear it with him, the joke being Austin couldn't believe he agreed that easily and he had to call him back to confirm.
We all know Vince hates losers almost as much as he loves winners. He's gotta be thinking "well goddamn, I better make sure I live to 150! none of these weaklings can get the job done!"