The Pac-12 doesn't want Tech. They never did - they just wanted Texass. And if it was going to take bringing Tech, A&M, and the Pokes in order to do it, then what the hell. The Pac-10 drew a line in the sand last summer: Texas wanted to bring A&M, Tech, OU, OK St., and Baylor (while blowing off CU). The Pac-10 (and particularly Cal) strongly objected to a religious school coming on board, particularly one that brought absolutely nothing to the table. Texas got butthurt when it couldn't bring ALL of its friends, and decided to take its ball and go home. I think the new TV deal was better than anyone imagined, and now, the Pac-12 doesn't really need Texas that much. Do we really need Texas and a bunch of scraps at this point? It might be worth it if we could get Texas and Oklahoma (2 solid football programs) to bring along Tech and OK St. But if this actually goes down and OU joins A&M in the SEC, I don't think the Pac-12 will take in the pu pu platter just so they can get Texass.
Personally, I'd like to see Tech replaced by KU in any future expansion. Texas' insistence on bring along fellow Texas teams really doesn't hold water if A&M is already gone. I know this is all about college football and not basketball, but the Pac-12 is a great basketball conference and having KU would be sweet. Plus they'd bring the Kansas City market. Only way I see it making sense for the Pac is if the four we get are Texas, OU, KU, and maybe OK St. as the last throw-in. I'm pretty happy with just Colorado and Utah, though. Just my .02.