1. No, Grandpa Bill. The Big 12 is dead.
2. I'm a Tech alum and do not feel what UT did should be "illegal". At this point, ESPN is the evil truly behind the demise of college football. I'm not going to be interested in a semi-pro league where you have the same basic matchups every single year. Nothing about that sounds appealing to me.
I hope Tech lands on its feet in the Pac 12/14/16 whatever, but I am not looking forward to what "college football" is going to look like in the next five years. I already hated the product that is today's game experience (jumbotron that fills every second between plays, blaring loud commercials and music, etc.) If I wanted that, I would go to a pro game.
I miss the college football of just 20-30 years ago...where it still felt like you were on a college campus. And if I think it's bad now, just how much worse will it be when there are only 20-30 teams in the new "league".