It is interesting that they have mentioned a conspiracy because I have been watching old wrestling videos and unfortunately came across the formation of "nWo 2000" (the incarnation featuring Hart, Jarrett, and the Outsiders) and you can hear Mike Tenay say "it was a conspiracy all along!" and Schivonoe exclaim "we didn't see it coming". Unfortunately if the New World Order does return I think most people will have seen it coming this time and if they haven't they've not been paying attention since July. Even I'm not as excited by this prospect any more.
Ugh, the nWo 2000 or nWo "silver" as they were known. That was a desperation move on WCW's part because they had been getting their asses kicked by the WWF for well over a year and a half at this point.
WCW later went down this awful route where they vacated all the titles and split the roster up into two feuding stables - New Blood and The Millionaires Club. WCW's problem was that it was too set in it's ways with all the superstables and had come to depend on them when things weren't going too well.
WCW had so many superstables during it's 10 year standalone period (1991-2001)....
The Four Horsemen (beginning until 1999)
The Dangerous Alliance (beginning until 1995)
Alliance To End Hulkamania (1996)
The Dungeon Of Doom (1995 until 1997)
The nWo (original) (1996 until 1999)
The First Family (1997 until 1999)
Raven's Flock (1997 until 1998)
The Latino World Order (1998 until 1999)
nWo Wolfpac (1998 until 1999)
No Limit Soldiers (1998 until 1999)
nWo "Elite" (1999)
The Filthy Animals (1999 until 2001)
The Revolution (1999 until 2000)
nWo 2000 (1999 until 2000)
The New Blood (2000)
The Millionaires Club (2000)
Misfits In Action (2000 until 2001)
Team Canada (2000 until 2001)
The Natural Born Thrillers (2000 until2001)
The Magnificent Seven (2000 until 2001)
Compare that to WWE(F)'s stables from 2001 to the present day...
The McMahon-Helmsley Faction - including the remnants of DX and the associations with The Radicalz, Edge and Christian, Kurt Angle and Steve Austin (ended 2001)
Right To Censor (ended 2001)
The Alliance (2001)
The Un-Americans (2002)
Evolution (2003 until 2005)
The ECW Originals (2007)
Legacy (2008 until 2009)
The Nexus/New Nexus (2010 until 2011)
The Corre (2010 until 2011)
WCW had multiple superstables running at once throughout it's decade of operations as a standalone promotion. That was complete overkill and they depended on it to boost ratings. The nWo was the most successful of the stables during this decade, with the Four Horsemen being more successful during the JCP/NWA days.