According to a source within WWE, the feeling within the company right now is that Shawn Michaels will be retiring from pro wrestling after WrestleMania 26.
I was told that Shawn Michaels is very interested in developing a reality TV show that will be centered around his "life after wrestling." He wants the show to focus on his home life, his family, and the deep relationship he has with God and religion. The feeling is that HBK will be focusing most of his post-WrestleMania attention on developing the show, which is why he will likely be either retiring or taking an extended hiatus from the business after the big PPV.
I was also told that Michaels wants the reality show to be very positive in its nature, and that, by comparison, he does not intend for his family to be subjected to the seediness of the entertainment business much like The Hogan family was when they were on TV. It is very important for Shawn that the show be uplifting, and grounded in a firm religious nature.