I remember that. I was anti-Hogan too in the 80's. Still am. If I'm not mistaken, it was the Hogan/Piper/Capt. Lou/Cindi Lauper storyline that let to the creation of Wrestlemania I to begin with. (Ed McMahon voice) YES!!! YOU ARE CORRECT SIR!!!
The "rock and wrestling craze" lasted for about five months in 1985 and eventually caused the downfall of Cindi Lauper's career. Hell, when I was about 9 or 10, I even bought the WWF album with Nikolai Volkoff singing Cara Mia.
I think you can trace the downfall of wrestling to the MTV connection. It was once a family event. Not now.