What's funny about his comments on the state of the industry is that it was the exact same thing in the 80s, although obviously not dominated by skits back then. Only difference is that the crowd wasn't given a wide open view behind the curtain and let in on the joke.
He seems to have issues with what Mcmahon and then Turner/Bischoff did to the industry in the late 90s, and Hogan played a role in that as well.
Its basically the pot calling the kettle black.