Even if there is a scheduling consortium of some kind in the next few years, conferences will still exist. The AAC will not expand unless some teams move up to P5 conferences. Even then, we would have to compete with a number of schools to get in.
I still think a more regionalized conference with our peers is better for all schools. Better for our fan base, attendance, travel, revenue and rivalries. And, a strong conference in other sports besides football. A sample SWC could look like this:
Louisiana, S Miss, Troy, Rice, Texas State, UTSA
LA Tech, Ark State, N Texas, UAB, MTSU, WKU