I kinda thought this would be a reason the Big East should have invited the remaining Big 12 North teams last summer, since A) they all just lost their biggest rival (Nebraska), and B) they avoid competing with OU and TexasOne positive is that they get to avoid directly competing against Texas/OU for a BCS spot.
I also thought TCU would wait until after the 2011 season to see if the Mountain West, as constructed, would receive a BCS spot. With TCU and Boise, and Nevada and Hawaii, they'd have a good shot. Competitively, Boise and Utah are a wash, and so are BYU and Nevada. If they got the BCS bid, the MWC is a better conference to be in than the Big East
This is also another blow to the WAC, since the MWC will likely grab Houston and Hawaii to replace TCU, then C-USA grabs LaTech from the WAC to replace Houston, leaving the WAC with 4 teams