I mean by the same token, if you think MTSU, San Jose St., Liberty, and ODU are the same as Memphis, Houston, UCF, and Cincy then you don't pay attention to college football.
Basketball fans hated the move to the American and blamed it for the teams downturn (I'd argue it was more an Ollie problem than a conference problem), similarly football fans (how few remain) hate the move to the Big East as it appears to clearly de-emphasize football.
In the end it is what it is.. both conferences are in the second tier revenue-wise to the major players. The American signed a TV deal that was too long. The conference didn't inspire some major donors on the hoops side. Ultimately the proof will be in the pudding, if football can sustain at the FBS-level and basketball thrives, with profit (not necessarily revenue) eclipsing the schools in the American than it's a plus move; and will probably inspire a number of copy-cats, ultimately allowing for a better football scheduling and basketball conferences that make more sense.