Conferences moving forward will not be conferences as we think of them, but more corporate conglomerates negotiating as a group. For example, up until 1991, when Arkansas and South Carolina joined the SEC, each SEC team played every other SEC team every year. In a four year college career, a player would visit every other school in the conference twice, and would play them at home twice. IIRC, the last two times Alabama played South Carolina was in 2010 and 2019. They may be in the same conference, but that's not even being friends with benefits. I'm too lazy to look it up, but I suspect Alabama has played several teams out of conference more often in the time span from 2010 to 2022.
In the old Southwest Conference, most games were a reasonably quick road trip from Texas to TCU, Rice, Baylor, aggy, SMU, Oklahoma (OOC but annual and neutral site.) Even the longer away games were doable by vehicle (Tech, Arkansas.) Everyone had an opinion on all the other schools. Where it was Rice (those poor bastards,) Baylor (I hate those bastards and don't ever want to see them again) aggy (I REALLY hate those bastards and don't care if we ever play them again,) Oklahoma (I REALLY, REALLY hate those bastards and want to play them every year just to kick their asses,) and on.
From this perspective, Texas came out great in the move to the SEC. They'll make more money, and keep the rival games (probably) that mean the most to them. But as far as being a traditional conference? Unless we get stuck having to play Mizzery every year, we won't even know they exist. It will be that way with about half of our "conference mates."
Another thing that's changed is the fans in the stands. The newest stadiums are built more like television studios than stadiums. The fans are the studio audience. Road trips, except for the Surly elites that fly in on their private jets while drinking latte while Scarlett Johansson gives them a foot rub, will be a lot less common.
I'm not saying it will be better or worse, but it will be different.