I'm not discouraged by Herbst's "fun" remark, either. I share some of that sentiment, in fact. Whether or not we get into the Big 12-maybe-14, there is part of me that is aware this whole process is driven by forces completely unrelated to the reasons why people participate in sports, even if their goal is to play them professionally. Maybe she gets frustrated seeing how deeply administrators and other faculty are buying into this dog-eat-dog competition, which is destined to create a lot of losers as well as a few survivors. Even if we are a "winner," I won't feel great about the process that left other schools and their fans behind. Just playing along with a diseased system and adopting its controlling ideology as your own is hardly leadership, in the big picture. (Though, I really do feel that state flagship universities need to have P5 access if they want it, because it does affect the other university programs and educational elements that are available to their state residents for a relatively low cost compared to private colleges.)
Having said that (as someone who has been reading the Boneyard since we were arguing with "Z" about UMass vs UConn, by the way), I also doubt that Herbst can understand on a gut level how unfairly left-behind Connecticut sports fans feel. It seems like we're never good enough to keep what we have, and with UConn, even a ridiculous degree of championship-winning at basketball doesn't seem to be enough to overcome geography or the ingrained mindset of folks not from 'round here that Connecticut is small-time. It's like being told your destiny is to not have one because "just look at you."
Recently, I pointed out how many UConn players were in the NFL to a writer at an NFL team message board who had described UConn as a "small football school," and his response was that he stood by his description because none of our players had made a big enough impact in the NFL to make our program relevant (and we got blown out by Oklahoma at the Fiesta). Maybe you could argue that his conclusion "UConn is small potatoes" came first based on general public perception (he's a Pac-12 guy), and he re-defined the facts to fit the narrative, or maybe you could argue that the fact that we don't have NFL stars shows that we're starting out with middling recruits, which is the mark of a small football school. I don't know. But in this particular contest, perception does bring about reality - if people thought UConn should be in a P-5, they'd snap us up, and we'd become competitive quickly now that we'd be more appealing to recruits. If they think we don't belong in a P-5, it'll be much harder to be competitive, because recruits want to go to P-5 schools and play for (or at least against) high-profile name programs. Sigh.
Maybe Herbst is sick of dealing with a perception of UConn (and other schools, for that matter) that is based on college football reputation. I know I am. When I went to UConn, the games were still on campus, and felt like high-school matchups. I didn't give sports a single thought when I made my college choice - I was grateful to have a path to an affordable education at a good school that provided me with a chance to get a professional degree at its also-affordable grad school. That likely never would have happened for me without UConn. To see its future seriously impacted by whether or not some Texans and Oklahomans and FOX execs and ESPN shills decide to smile or pee in our general direction is mind-bogglingly crappy, and it makes a person question the system that gets you there. For Herbst, who doesn't have any of her emotional core tied up in Connecticut's athletics future, this situation and the battle itself must seem absurd at times. So, I don't think it's a message of defeat so much as a statement she's making to keep her sense of self-respect in this process.