Watched this match earlier this week and got a different perspective of it. At the beginning of the match(well, after Hogan and Andre stare at each other for a year), Hogan decides to "go for the jugular" by body slamming Andre. He
**** up, and Andre winds up landing on top of him. Ref starts to count, and may have in fact counted to three. Even Ventura says,"was that two or was that three?"
As a kid, I just saw it as a close call. As an adult, I see that Mcmahon was leaving the option on the table to either "Dusty Finish" this match or have Jack Tunney intervene like he did in the set up to WM IV, but much earlier. The camera angle showing this pin attempt is behind the ref. That is clearly intentional, as there were a million cameras at this event.
Who knows what they would have done, but the event was just so massive that there would have been a HUGE backlash had they pulled a stunt like that, which is probably why it didn't happen and this "2 or 3 count" became a very minor footnote of the evening.