Although it's better to be in the Big 10 or SEC position right now in all of this, I think we should remember that there is no guarantee all this craziness turns out well in the long run. The college football that was very popular in the past is going to be very different in the future, so I see no guarantee that it will maintain its level of popularity. I'm not saying it won't either, I'm just saying I don't know.
Pretend for a minute PSU was not in one of the two glory conferences and was going to be left behind in all this. Here's the question to ask yourself. How interested would you be in watching the SEC and Big 10 in the future? Not very. What would be the point? Because it's better quality football, you say? Well the NFL is better quality football but lots of people like watching college football anyway and some of them don't even like watching the better quality football that is the NFL.
Since a lot of schools are going to be left behind, that's a lot of fans that may simply not be very interested. What would happen if they broke off and formed their own group?
Let''s use rough numbers. There are currently 133 FBS teams. Suppose the Big 10 and SEC stopped at 20, which is 40 total. And since new schools come up to FBS now and then, suppose 7 more did, making 140 total.
So we have 40 in the Big 10 / SEC and 100 others. What if those 100 others formed their own group, had their own playoffs and bowls and just declined to play Big 10 and SEC schools? Every Big 10 and SEC school would be forced to play two non-BCS opponents each year to get 7 homes games.
Also, that would be fans of 100 schools that aren't interested in the Big 10 and SEC. Of course, it's also fans of 40 Big 10 and SEC schools that aren't interested in those other 100, and many of those 40 are big name schools with a larger national following than most of the ones in the 100. But they got that national following not by playing only 39 other schools, but by being in the NCAA and playing or potentially playing anyone.
While the quality of play of the 40 teams would be higher, it would be less of a "national" league simply due to numbers. And 40 teams playing each other would probably get old more quickly than 100 teams playing each other.
I'm just playing Devil's Advocate here. I'm not trying to be a Debbie Downer. I'm just saying that while it feels good to be in one of the two king conferences right now while everyone else is crapping their pants, big changes are afoot. Like Jim Morrison said, "The future's uncertain and the end is always near."