Word here in the south is that the SEC is preparing to counter the Pac-10 with an offer to the 4 Texas schools - Texas, Texas tech, Texas A&M, Baylor.
If the Pac-10 gets them, the fall back is Florida St, Miami, Clemson, Ga Tech
That I'd like to see more than the 16-Pack [sic]. Add OU and OSU to that list and the SEC would indeed be mighty.
The move to the Pac 10 would not be a good thing for the Texas teams. A&M will pitch hard for the SEC, IMHO. If the Texas teams go to the Pac 10, the Pac 10 coastal teams would quickly become the Big 12 North. USC will have a few down years due to the Bush thing, and few of the other schools have a consistently good program. Arizona and Arizona State don't really add anything to the mix for the Pac 10 South Division.
Being in the Waco area, and working the Baylor games, this is the only survival method I see for them. Unless they can tag onto the other schools, they'll never get an offer from a major conference. Kansas, Kansas State, and Iowa State have problems.