Conference action and reaction

The Pac-10 proposing adding half the Big-12 to form a mega conference.
The Mountain West finally reacts to his by adding Boise State
Pac-10 adds Utah and Colorado to form the Pac-12
The Big-10 acts to add Nebraska
BYU proposes to become independent in football and WAC in other sports
Mountain West reacts by grabbing the Hawaii, Nevada and Fresno from WAC
BYU goes independent anyway and joins WCC in all other sports
TCU leaves Mountain West for Big East
Syracuse and Pitt bolt Big East for ACC
Texas A&M leaves Big-12 for SEC
TCU joins Big-12 instead of Big East
Mountain West and Conference USA merge football operations
Big East proposes pilfering Air Force and Boise from MWC, UCF, Houston and SMU from CUSA and independent Navy.

Who's the winner so far? TCU. They are now getting more money in a geographically closer conference.
Colorado and Nebraska are are washes. They were geographical outliers in the Big-12. They are now outliers in the Pac-12 and Big-10. They have moved from a train-wreck of a major conference to more stable conferences.
Utah also moved up to a much more prestigious conference. They fit in the conference's geographic footprint. However, they lose many of the nearby rivals from the mountain west.
Texas A&M, Syracuse and Pitt all left a mess of a "major" conference for another one with more stability. They are arguably in the footprint, but are much more outliers now.

As for the conferences, the MWC and Big East show the problems with dillydallying. Boise was rumored to join the MWC for a long time before they finally got the invite. It finally came right before Utah left. And Hawaii, Fresno and Nevada were gut reactions to BYU's departure. What if they would have all came earlier? Then the conference may have renogatiated the TV deal and been in a position of power.

The conference USA merger had also been rumored for a long time before it happened. What if MWC and CUSA merged before the conference shuffling?  Perhaps they could have aligned their football in two subconferences, with the "major" and "midmajor" division. They would be more in a position to poach the Big-East than the other way around.

As for the Big East, they had talked about adding teams for a year, but not much happened. Schools like Navy would have jumped at the opportunity years ago, but now they are hesitant. What will happen?

And the whole Missouri question.

What could be some possible outcomes?

Missouri could dart for the SEC and the Big-12 stays at 9 - at least for a season. This would give Texas an opening to schedule a yearly A and M rivalry game. (No excuses here!) However, it might help the Big East to survive.

I do hope the Big East dies. They have been an embarrassment to the BCS. However, Boise might find the prospect of a sure BCS bowl to good to miss - even if it is only for a season or two. However, it does not seem like it will help them much. They have pretty much gone to the BCS most years when they have won. Perhaps a better solution would be for the BCS to guarantee a BCS game for the top 6 ranked conference champions - provided they meet the at large criteria. This could prevent the ugliness of the Big East stinkers, while still providing a slot when they do have good teams.