Big XII will likely dissolve eventually anyway. Texas will go independent and the other teams will scatter like shrapnel. A few will join the Big Ten (Mizzou and maybe Kansas), a many will latch on with the MWC (Texas Tech, Iowa State, Kansas State, Okie State), and a few will get marooned to the dregs of C-USA or the WAC (coughBaylorcoughcough).
I personally think we should just hit a reset button on all this conference mess and set things back to the 1990's.
Big 8, SWC, a decent Big East, etc.