Source: The Wrestling Observer Newsletter
Apparently the reason WWE decided to induct Scott Hall into the WWE Hall Of Fame under his “Razor Ramon” character is in fact due to plans for a future nWo induction, where he would of course be himself.
In a related note, there has been discussion regarding the possibility of inducting Kevin Nash under his “Diesel” character in WWE, saving his induction under his real name, along with Hall, for the future nWo induction.