Maybe overall athletic programs or in financial terms, but not on the football field.
Big East: no ranked teams
MWC, next year's lineup: #3, #5, #25, (and 29 others with votes)
If you want to go this year's lineup it's #5, #13, still better than no ranked teams
If we've learned anything, it's that tradition and FB rankings mean very little. It's all about TV sets and recruiting territories. To me, the MWC with no BYU or Utah is destined to be a mid-major conference. There's still the chance that the Pac 10 will expand with 4 more teams, but I don't think that anyone in the MWC is worthy. For the most part, they have small stadiums and followings. I think that if the Pac 10 does expand, they are going to try for Big 12 teams again.
I personally would be thinking really hard about the Big East if a couple of teams like KU and Mizzou would be interested in going with us. The only problem that I see is that the Big 10 may poach a couple of teams. To me it has always come down to the Big 12 needing to solidify itself with more teams. Being proactive is the way to do it...grab Louisville, Cincy, BYU, Air Force. A move to 14 or 16 would isolate us from the sharks plus destabilize the Big East and MWC, making our conference clearly one of the more stable ones. If that costs teams a couple of million a year, it's worth it.
Yeah, I know it's probably not going to happen, but I don't like just sitting there hoping things turn out well. I do think that it is obvious that the Big East basketball only schools will break off at some point and start their own basketball league. When that happens, look for ND and BYU to join the Big 12 in all sports but FB.