I'll bet many of us have toyed with this kind of realignment over the past dozen years or so. I know I have. In fact, I think 12 conferences of 10 teams makes even more sense to me. i.e. 9 conference football games/3 OOC; 18 conference basketball games/12 OOC. That's nitpicking. I'd love to see something like this.
What was interesting about it to me is that, if you added up the profile rank of the teams in each conference, certain things come out. For example, the "best" overall conference is the Pac 12, (total profile of 530); the "worst" is MIdeast (including Michigan, OSU, and MSU (833). Yankee is 4th (710). Sun Belt (with LSU, Auburn, and Bama is 8th. Of course, that's overall conference, not best teams.
Long term, I think it would balance out recruiting and competition too. Let's do it.