It does go both ways, but even with Iowa winning 5 of the last 7, I think most Iowa fans are still in favor of dropping it, especially with Nebraska coming on the schedule next year.
IMO, the school that came out looking the most pathetic in all of this was Oklahoma. They have their own strong football tradition, and still had to ride the coattails of Texas.
I don't think Texas ever had intentions of going to the Pac 10. NU and CU called their bluff. NU ended up in a much better spot, CU ended up in a much more stable conference, but will likely continue to be uncompetitive.
That wasn't funny at all. Apparently when people talk about Nebraska they forget that we have quite a few "hicks" in Iowa. You could replace the "N" on that hat with a Tigerhawk and air it on an Omaha TV station.
If ISU, KU, KSU, and MU do have Big East offers, they should go. Even if Texas agrees to stay now (which would likely convince everyone else to stay), Texas is still in a position to shop around at any point.