The ACC, its fans, and league officials can rest easy.
Thanks to Texas' decision to stay in the Big 12, the ACC avoided any trickle-down effect that could have been devastating to the league's current membership. Had the SEC felt the need to expand, the ACC could have found itself in negotiations with the Big East once again.
Instead, everyone can exhale and concentrate on making the current product better through a lucrative television contract (still nothing official on those negotiations), better postseason and nonconference records, strong recruiting, and a must-see conference championship game.
Because it just got more difficult for the ACC to keep up.
Nebraska's move made the Big Ten stronger, and if that conference decides to add a championship game, it will be an instant best-seller. A Penn State-Nebraska title game would make another Virginia Tech-Boston College rematch look as stale as three-week old bread. Colorado's move to the Pac-10 made sense, and that conference likely isn't done growing. Add a team like Utah and it won't be long before the sanctions against USC have been replaced with multiple BCS bids -- something the ACC hasn't earned since it expanded to 12 teams. The SEC was so good to begin with it barely flinched at all of this expansion talk.
While it was good -- scratch that -- extremely important for the ACC to remain in tact, it can't stay satisfied with the current product. Because without even stepping on the field, the rest of the BCS world just got better.
The next step is for the ACC to do the same with what it already has.