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I like to distinguish between "On Hold" and "Someday/Maybe" in this way:

One key point that has really helped me with my GTD lists is simply to put more projects on hold. I only set projects I conceivably see myself working on the in the next week or so to "Active".

Any project where I have made at least some form of commitment to myself to complete, and that I know I will be working on soon (but not in the next week or so), is placed On Hold.

For other tasks and projects that Im just not sure about yet, I put them in a "Someday" Single Action List with its status set to On Hold. (I use a single action list because many of these ideas are single actions and have not been fully formed into projects yet).

This keeps clutter down when reviewing because otherwise I'd have far too many "On Hold" projects and actions cluttering up my view when Im trying to decide what Im going to mark as Active this week.