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I think 4 power conferences is where it is headed.
Pac 12 needs 4
SEC needs 2
Big 12 needs 6
Big 10 needs 4
I could see the Pac 10 adding SD state, Bosie St, Hawaii, and SMU (for a Texas stake)
I could see the Big 12 adding Louisville, Florida St., Virginia, Syracuse, Pitt, and Clemson
I could see the SEC adding Va Tech and NC State
I could see the Big 10 adding Duke, North Carolina, Ga Tech, and Notre Dame
Gives the Pac 12 an entry into Texas, and solidifies the NW corner of the country
Gives the Big 12 an entry into Florida, plus some good teams up and down the coast plus a nice market in Pittsburgh and upstate NY
Gives SEC 2 teams I think most expect to end up there anyway, ans State isn't a package deal with tobacco road
Gives the Big 10 2 teams that probably make the Big 10 the basketball conference an entry to the atlanta market for their network and their golden egg in notre dame.
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