It's sad, for old-timers, to watch college football die. But let's be honest, it's been dead for a while. ESPN spotting an opportunity to milk mouth breathing SEC fans, and making the moves they did to turn the SEC myth into reality, was the nail in the coffin, but it was only the final nail.
Money corrupts and there is nothing new under the sun. It was a fun ride while it lasted, but college football is little more than watered down NFL at this point, and the only thing keeping people tuned in is brand loyalty. The unintended consequence of professionalizing amateur sports by actors like ESPN is the erosion of brand loyalty. Couple that with college students not giving a rip, relative to past generations, and college football is already at the point of squeezing out its last golden egg or two before the slaughter.
What's left will still be entertaining for the same t-shirt SEC type fan, but will always be a lesser version of the NFL. T-shirt fans will eventually just migrate to the NFL when the only difference is the quality of play on the field. It won't be a bad thing, but it will never be as good as it was. The options for entertainment are too vast now, and football at all levels has already begun its downward slide in popularity. The more interesting aspect of all this is how it will impact all collegiate sports a few decades from now when football isn't able to prop up Olympic sports and women's sports in general. Fewer and fewer schools will even have football programs in the not so distant future. Few athletic departments operate in the black as it is. Once you fully convert college football from a community and brand building element of a university into a solely money generating endeavor, you've rendered the vast majority of football programs pointless.