We've been through this before. The Big EAst ahd to petition the NCAA for recognition / exemption to be continued to be recognzed as a division 1-A football conference when they didn't have enough teams in 2003. A minimum of 8 universities with athletic programs fielding a football program that meets 1-A standards, and additionally meets the required number of women's and men's sports programs at division 1 level is what's required to be recognized as a division 1-A football conference.
As far as the BCS is concerned, that organization is entirely separate from the NCAA. BCS AQ status was awarded the Big EAst conference, because they were a founding member of the first incarnation of the organization in 1991. The same way it was awarded to the other conferences that formed the bowl alliance back then. The same 6 that exist now.
Last time I write this - there is NO way that the BCS was written into it's structure that any of those 6 original founders can lose automatic qualifying status. If the AQ status is going to be lost by one, it will be lost by all.
The only way the big east can lose AQ status, as long as AQ status for any conference exists, is if it ceases to exist as a football conference at the division 1-A level.
This was the major problem that was encountered in 2003. In my not so humble opinion, the fact that teh situation had never been seen before, was the only thing that kept the football and basketball programs together in 2003. (in 1994, it was the addition of Notre Dame to the conference that appeased everybody and made them play nicely with others on the playgroudn again. But in 2003, the football programs faced a very real problem of losing BCS status if they separated.
In 2012, there is no danger of the conference splitting anymore, and no motivation to anymore. They finally got it right over there in Providence. There is also precedence with the NCAA for granting a temporary exemption for a 1-A football conference recognition with less than 8 teams, and this situation were in certainly fits the mold.
I remember remarking a few weeks ago, that it would be real interesting to know if the Big East has been in contact with the NCAA about having an exemption put in place should the situation arise where we only have 7 teams for 2012. To date, I have not heard, read, or seen anythign about that happening.
That means it either happened, and nobody is talking about it, or the big east is not concerned in the least about West Virginia not being recognized as a big east affiliated university in 2012.