I don't mind him as GM, it makes things interesting. I liked Teddy but Funk Man! makes it more interesting, plus they can continue his and Punk's fued.
I'd like to see Snickelfritz rewarding his "Team" and starting a new stable which gains all the titles.
Mark Henry or The Miz - WWE Champion
Del Rio - Heavyweight Champion
Otunga - United States Champion
Christian - Intercontinental Champion
Swagger and Ziggler - Tag Team Champions
Eve - Divas Champion.
Then after a while Triple H comes back, starts his own team consisting of CM Punk, Sheamus, Big Show, Cena etc to take control back of Raw.