Shane McMahon appears to be dipping his toes into some backstage work. Vince McMahon told shareholders on WWE's First Quarter Earnings recap that Shane is just an on-air talent and has not resumed an executive role.
While not under contract as an executive though, Shane has reportedly gotten input on storylines, according to the dailywrestlingnews.
Shane continues to be well received backstage and has taken some initiative in learning more. Shane has been doing all he can to learn some of the newer aspects of the business that were introduces in his absence.
Could Shane eventually be given an official executive role? You can't rule it out with Vince still running things.