Let's face it folks...the Big 12 is sucking in its last few breaths.
With the exit of Colorado and Nebraska, many expect the Pac-10 to pick up most of the Big 12 South at the estate sale.
As a state of Texas resident and sports fan, I would rather see the nine of the FBS teams in Texas (Texas, Texas A&M, Texas Tech, University of Houston, Baylor, TCU, SMU, North Texas, and Rice) and the three FBS teams in Oklahoma (OU, OSU, and Tulsa) create their own conference...the Red River Conference.
The former Members of the Big 12 South would still face the main teams that vaulted them in to the national spotlight in the recent years, and add some up-and-coming teams to the fray.
This would bolster the profits of the smaller schools, and strengthen their ability to recruit local talent, thus making them better opponents.
Just a pipe dream, and I realize I will have to watch our Texas teams play very late out on the West Coast against such natural rivals and the USC Trojans, Oregon Ducks, and the U of W Huskies...but one can dream.