The newly reformed Big 12 is going to play very entertaining football games. I think we all agree on that.
Without Texas or OU to play around, I think they'll garner about the viewership of the MWC.
This league is tailor made to have four teams all go 7-5. Texas isn't leaving due to money. It's leaving because they consistently lost out on top talent that knew the SEC puts kids in the NFL. That's not going to change. As more and more "foreign" schools divide what's left of the state's talent, the Big 12 will still play entertaining contests, but will be removed from national relevance.