@shotgunlincoln: Yeah, I've had a hard time wrapping my brain around that. However, what I got from Hero describing it after the fact his release seemed to stem from creative saying "we've got nothing for you" but respected him enough to let him go back on the indy circuit so he wasn't just aimlessly sitting around in Florida. He also said that once they did have something for him he'd always be welcome back, even if that is just a generic excuse on WWE's part.
He did (unsurprisingly) have a few really good matches while he was in Full Sail, though. His match with William Regal is actually what got me to start watching NXT.
Hopefully if this Ryckert news is true it leads to slightly more frequent episodes of the Powerbombcast. Not too frequently, but enough that it would hopefully open it up to some more guests. I'd still really like to hear how Brandon Stroud would mesh with the group on at least one episode.