This is where I’ve been for a while, too. I never cared about the PAC12. I just wanted Buffs to be a good team, win games, be fun to watch, give me hope to root for.I don't care where we play.
Just win
Aside from beating the NUBs and CSU, the particular schools we played didn’t matter as much as how we played.
Now we get paid, and possibly play a bit easier schedule, with more games at home. Win. Win. Win.
Finally, as Klatt pointed out, there is really only enough regular media pie for three big conferences. We HAD to grab a chair before the music stopped. Plunk. We in.