Its done, and I agree. This will force rest of Big 12 to move, and lead to only 4 major conferences. Potentially 3 as I hear Pac 10 is starting to sweat as well.If this happens the Big XII is dead, and I think it's bad for college football.
I liked the conference alignments pre-2010 with Nebraska still in the Big 12 and Rutgers & Maryland are terrible for the Big Ten.