This is interesting. I think this committee, is trying to address a lot of the concerns that legitimate D-I schools have about somehat marginal "move-ups" from D-II. The moratorium was put in place to stem the flow of the "move-ups" until this type of criteria can be put in place.
I can follow the logic of much of the criteria, however, it seems to strongly discourage a team from becoming a D-I independent. Generally I am not in favor of independent teams, however, imagine a team from Alaska that might "have the goods" to be a legitimate D-I member. It might be next to impossible for them to find any conference willing to take them, solely due to geography. Should this prohibit them from moving to D-I ? It's a bit hypothetical right now, and I understand the difficulties faced by independent schools, but should such a team forever be locked out ?
The question is does the Great West fall into the category of an NCAA conference. They lack the membership criteria (number of schools/time together). But they are a conference that will take anyone...so they'd take any upgrades.