OhnoitsJess,
Sorry for any miscommunication, but I don't think I said, and I didn't mean to imply that Baylor or any of these schools other than Colorado has been offered a bid. Again, I apologize if that's how it came across or if I said that (I'm middle aged and losing it, so maybe I did- LOL). It does look like they are going to offer bids to all of the school you mentioned next week, but they haven't officially offered them yet.
What I meant and didn't state well is that these are the schools that have been discussed as additions to the Pac 10 (discussed - not offered). There was some indication early on that Baylor was only being considered because the Texas legislature sounded like they wouldn't let UT go without the other schools including Baylor. That doesn't have to do with the legislature having any say over Baylor, but Baylor having some say with the legislature and pushing through them to be included as a package with the other 3 schools. Here is the link
http://texas.rivals.com/content.asp?CID=1091903. Nonetheless, I agree with you in that I don't see anyway Baylor will be given a bid.
PeppyGPhiB - Your Gonzaga scenario is a good analogy, and again, I don't see Baylor getting a bid, but imo it has less to do with being private and religous than it does with size, tv markets, and football. Notre Dame is private and religous, but I guarantee you ANY conference would pick them up if they wanted in.
I think you're dead on about the way the rest of this is likely to play out. I think we are eventually headed to four regional super-conferences.