I could see it happening. I live in NJ and there was a lot of press in the preseason and up until we gave them a win about how he needs to produce. He's been around a long time with nothing to show for it and the people who gave a lot of money to the program are saying it's past time for the program to take the next step. I think he's bought himself a couple of years with this season, but if they haven't won the BE by 2013, I think he's gone - assuming he doesn't go on his own.
If I were advising him, I would tell him to take any big conference head job that comes his way, especially given the uncertainty in the BE.