It is being dissolved, the NCAA just doesn’t know yet. The super conferences are calling the shots.
Agreed. IMHO, we're witnessing basically a replay of what the CFA (College Football Association) was created for. That was to give colleges a voice from the NCAA choosing which few college teams get TV air time (read: TV money and publicity). The NCAA was limiting it to just a few times and just a few games, so there were only a few teams making the big bucks.
In 1981, the CFA agreed on a TV contract with CBS guaranteeing 2 TV slots per year to each participating school in the CFA (major conferences except Big 10 and Pac-10). The NCAA fought it all the way to SCOTUS and lost. Now each conference and each school can negotiate TV contracts.
I wouldn't be surprised to see the same play out today with schools avoiding trans freaks. Particularly with schools in red states that have banned it. (i.e. a lot of SEC schools may have no choice but to keep their female teams from playing teams with trans freaks, whether the NCAA likes it or not.)