They are fine. They still have Gtown, Louisville, Marquette and Nova to join them. Its not the end of the world for them. They are a good winning program in a conference whose top 5 is still pretty darn good and will better then the pac 12. Arguably Ville and Uconn were the two best teams in the NBE in march in recent years, so they got two top title contenders.
Their only question is... is Uconn elite status? They have won to be, but basketball fans don't buy into enjoying them. A good reason they are not in the ACC. The ACC offered us twice now. Teams like Kansas, Kentucky, Texas, Michigan State, Michigan, OSU even Penn state(before the truth) would have probably been offered to the ACC in a heartbeat. I could have seen WVU going before them as well. Oh well I guess they will just have to learn what its like to be on the jealous side after we win a few national titles in the ACC. Maybe a few of them will pull for us, like I did for them in 04, and 2 years ago.