The answer is yes. LA MC is a horrible idea, but that's another thread.
Problem: Big money bowl and the Mountain West or WAC champion? No.
(I whipped into this math over the weekend upon realizing that Oregon was going to Saint Diego)
EFFECTIVE CORE POPULATIONS OF CONFERENCES:
Pac-10: 50 million (populations of California, Washington, Arizona, and Oregon)
ACC: 51 million (populations of Maryland, Virginia, North Carolina, South Carolina, Florida, and the Boston and Atlanta metro areas... working on a hunch regarding Georgia Tech's popularity in Georgia)
Big 10: 66 million (Minnesota, Wisconsin, Iowa, Illinois, Indiana, Michigan, Ohio, and Pennsylvania)
Big 12: 43 million (Iowa- feeling generous, Nebraska, Kansas, Colorado, Missouri, Oklahoma, and Texas)
SEC: 54 million (Florida, Georgia, South Carolina, Tennessee, Kentucky, Alabama, Mississippi, Arkansas, and Louisiana).
Big East: 29 million (Connecticut, New Jersey, West Virginia, then Western Pennsylvania, Northern New York, and the Cincinnati, Louisville, and Tampa-St. Petersburg metro areas... yes, I know that'll be controversial, but I'm more confident with that hunch than I am with the Georgia Tech and Iowa State equations)
Mountain West: 16 million (Colorado, Nevada, New Mexico, Utah, Wyoming, San Diego County CA, Tarrant County TX)
WAC: 11 million (Hawaii, Idaho, New Mexico, Nevada outside Clark County, Northern Utah with Ogden and Weber County as the southern border, Northwestern Louisiana from Shreveport to Ruston- a stretch, Santa Clara County CA, and the San Joaquin Valley in CA)... note that the San Joaquin Valley is a third of that 11 million, and Pat Hill will argue that I should include the 600,000 in San Joaquin County (Stockton) in that number, but I don't.
There's another measurement I wish to introduce here... Total Stadium Capacity Generated By The School.
Pac 10: 606,842
Big 10: 821,616
Big 12: 738,078
(NOTE: Of the above, instead of stadium capacity for USC, UCLA, Minnesota, and Miami, I used average attendance for 2005, because those stadia were built for other original purposes. I also used 50,000 for Stanford, as they've already effectively downsized, and just have to move dirt, wood, and metal to make it official)
Big East: 347,187
(Same as above for Pittsburgh and South Florida- those stadia were built for NFL teams)
Mountain West: 380,404
(Same as above for San Diego State)
With very few exceptions (see Stanford, which is about to be corrected), college football stadium capacities are designed to minimize cost AND maximize revenue. Schools do want to create a little scarcity in order to maintain their ticket prices. Therefore, stadium capacities are a reflection of the conservatively derived "potential" of each program. That's why I think this matters along with the population numbers I showed above.
Big money is not forked over by schools. It's forked over by sponsors. Bowls are designed to get people to travel to a location during a time period when few people usually travel. Sponsors would rather spend the money to go after those bigger conferences, and for good reason.
The Mountain West is running out of bowl options because they don't travel that well. The WAC schools literally have to prop up at least one of their two bowl games because sponsors don't care. I think it stands to reason that a big money bowl game will NOT involve either conference.
The Pac-10 needs a sponsor to throw more money at the Holiday. Problem is that the fans want that #2 Pac-10 team to face the #2 from one of the other FOUR major conferences. They're all tied up at the moment, in bowls much closer to those fan bases. Like I asked earlier, what's the Pac to do?