That's WWE's Torrie Wilson. Athough she has wrestled (usually in cat fight type "bra and panties" matches), she's not really a wrestler. She's what they call a "valet", which is wrasslin' talk for "hot chick that walks with wrestlers to the ring"; eye-candy sidekicks. She posed nude in Playboy a few months back.
IIRC, that commercial is promoting the fact that the "Bra and Panties" matches had been added to the lastest WWE PS2 game.