2 things:
1. The UT-A&M game, A&M is UTs #1 or #2 rival, and they seem to be a package deal.
2. If I read this correctly, there WON'T be a Big 10 championship game, instead each member will play one additional (13) game per year to add another week to the season, keeping the conference relevant while other conferences (Big 12, SEC, ACC) have their championship games.
It seems plausible, but I have a hard time believing that the other Big 10 schools would sign off on giving a 7-0 UT/ND the auto BCS game, while an 8-0 Big 10 champion tOSU, Mich, PSU, or Neb have to hope for an at large BCS bid. Well, now that you think of it, the chances of that happening are pretty good, especially if the Rose Bowl tie-in is still in play. 7-0 UT gets the BCS champtionship game while the 8-0 tOSU gets the Rose Bowl.
Really, it doesn't sound that far fetched.
The problem I see with that is this. Say for example Alabama is undefeated ranked #1 Oklahoma stays in whats left of big 12 is also undefeated and ranked #2. Then wouldn't a undefeated Texas or Notre Dame undefeated ranked at highest #3 automatically go to the rose bowl which could leave a undefeated Ohio State, Michigan, Penn State, Nebraska out of the bcs game?
If that happens the best they could hope for is an at large bid for a different BCS game at best. The only way it would be doable is if the 7-0 Texas/ND team would automatically go to the National Championship game leaving the Rose Bowl open for the undefeated true Big 10 Champ.
Would that scenario happen every year no. But it could and probably would happen quite frequently or at least have a good potential to. If that goes through that way then the current Big 10 members more than likely would vote it down. As it would pretty much state the current and future members of Big 10 are important but not as important as Notre Dame and Texas.