Well in Erics defense(oboy) Stunning Steve Austin and the Ringmaster both sucked as characters. Without the Attitude era happening I doubt Austin would ever have become a huge star. That era allowed a certain type of character to flourish and it did not exist back when Eric took over. Even Vince had no idea what to do with this guy except have him hold the million dollar mans belt.
I don't think so. Even in WCW he probably could have been big if given the chance. He and Brian Pillman were getting over as a tag team called "The Hollywood Blondes", but they were broken up before they could reach their full potential. Steve Austin was so talented and charismatic, he would have achieved success in any wrestling environment whether it was PG or not as long as he was given a chance.