Oh I'm good with returning to the old SWC in a hypothetical world where television revenues don't matter, there's no playoff or BCS, we have the old bowl alignments, there's no 24/7 news mediots constantly bleating on and on about the national championship to the exclusion of everything else, etc.
Reset ALL of those factors to the mid-80s, and I'm good with it. Regional conferences with regional rivalries were great for the sport. Most things that have happened since then, are not. My opinion, of course.