It's a shame that the northeast isn't represented by a major conference when it's still the most populous section of the country. But that population meant TV markets that other conferences lusted for.
If I had a magic wand, I'd re-create the Big East as a northeastern FB conference, (BC, UCONN, Rutgers, Temple, Army, Navy, Syracuse, Penn State, Pitt and West Virginia). Leave the ACC a mid-Atlantic/southern coastal conference. The SEC, Big 10 and Pac 12 would reutrn to their traditonal line-up. Recreate the Big 8 and the SWC and reunite the WAC and Mountain West. Stick Notre Dame in one of those conferences for all sports- preferably the Big East. Then have an 8 team playoff of the champions of each conference. But that would make too much sense.