I enjoyed the HIAC more after watching it again today, but by god Michaels was horrendous throughout it all. Since he initially came back in 2002 he's been a HORRIBLE actor and he got worse as the years went by. He was so cheesy on Sunday and made it completely unbelievable. If you think that was good acting then I don't know what to say.
Apart from that, the match was great. The sweet chin music into the pedigree made me almost wet my pants. I thought it was all over.
I don't know whether it's just me but as an in-ring performer, I've enjoyed Michaels much more since his return in 2002. I realize you're referring to his "acting;" I just wanted to point it out.
The only matches that hold up in comparison to his post-2002 work: Ladder Match I, Iron Man Match, and vs. Bulldog @ KOTR '96. I like the Cell match against the Undertaker, but I really can't stick to a rating for that match. I'm not THAT high on Mind Games. There is also the No DQ match against Nash and I think that's one awesome match. Yeah, pretty much.
As a character, of course, Michaels has been pale since his return, but that doesn't bother me as much as it may bother others. Still, for me, SummerSlam 2002 and WrestleMania XIX, XX, 21, and XXVI > everything else Michaels has done. Of course, SummerSlam 2002 and WrestleMania XXVI are very, very special.
Continuing the TV match discussions, I adore two of Michaels' TV matches: against Benoit from Raw in Pheonix (2004) and against Triple H from Raw in San Antonio (2003). Splendid stuff.