GreenandGold, I agree that hybrid conferences do not work. I think the remianing bb and fb schools will work constructive together to resolve the issue. After all they did not create the mess college sports are in today with the BCS.
The football schools and basketball schools have very good relationships and will most likely work together to create two seperate conferences under the Big East. Someday they could go seperate ways, however, they both need to unite and work together to create the new conferences. This will allow time to stablize and use the Big East name to launch the new conferences. Once they both are stable, it will not matter what name either choice to use for the future.
If it were up to me this would be my new alignment and it does include Cincinnati.
Football conference: UConn, Rutgers, Temple, Pitt, WVU, Marshall, Cincinnati, Louisville, Virginia Tech, East Carolina, Central Florida, South Florida
Basketball conference: Providence, St Johns, Seton Hall, Villanova, Georgetown, UMass, Xavier, Marquette, Buffalo
Each team would provide some value to the confernce. Some teams may not have large markets. Some teams may be good in one sport and not another.
Over all the 12 team football conference will not be kept out of the BCS. Actually, I don't think the BCS is going to survive with the current conferance arrangements. With legal actions on the way and US Congress involved, the NCAA is going to have to take back control of college football and every thing will get back to normal in a few years. The big boy conferences will continue to get the extra bids in football (i.e same as basketball).
In the long run, all this expansion may actually improve things for every division 1 football playing schools. At least maybe every school will have a chance to make the playoff with out some bias group voting to keep them out.