Here's my understanding of where things are in Oxford at this time:
Archie and Mike Glenn will head the search committee, which will also consist of at least one former player and two others. The AD search will materialize a little slower, and Boone (current AD) will have no say so in the coaching search.
From what I hear, Hud is on the list, although he's a little further down on the list than others. I think him only having one successful year thus far is going to keep him off of a BCS radar for at least another year. And while I believe that Hud will be successful wherever he goes, I almost hope for his sake he holds out for a little while longer. Obviously, I want him to keep building what he's started here, but also Ole Miss will be a very tough job over the next 2 years. Nutt is leaving very little depth, not much in the QB spot, only one RB, a terrible OL, and a very think Defense.
Also, I can promise you that nobody, not even Hud, has been offered $10M.
The names at the top of the list, from what I gather, are Smart (provided we can get a top notch OC as well), Malhazan (which I think would be a bad hire), Diaz, Holtz, Sumlin, Hud and Hugh Freeze.
It will be interesting to watch, no doubt. I don't think the Cajuns have too much to worry about, at least not yet. But that may very well change here soon.