-Which time in regards to Hunter?
I'm pretty sure 2001.
The only thing that changes is probably that HHH and Austin join Shane and WCW. Then Angle, Jericho, Benoit and later Rock do battle against WCW (and ECW). You probably don't have Steph as the owner of ECW but you have an uneasy alliance between ECW and WCW. I could see a Triple H/Jericho feud throughout that summer (and a Benoit/Austin feud that transitions into Angle/Austin).
So the only thing that really changes is probably Jericho doesn't turn heel as fast and Angle never turns.