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There is absolutely no reason for Texas to play A&M. Revenue is simply not true. Texas sells out every game. Character doesn't make sense considering A&M could have played Texas forever but they chose to leave the conference. Exposure? Not a problem at Texas. It's more fun to schedule different teams and regional matchups. Strength of schedule? Seriously? When Texas has needed BCS points, the A&M games has hurt them - 2004, 2005, 2008 - Texas won those games handily and were punished.
Texas doesn't value it's relationship with A&M as much as you seem to think. I don't know a single Texas fan that cares about playing A&M again. And I know a ton of Texas fans.
Actually your strength of schedule is in bad bad shape. Only Oklahoma and Oklahoma State will be consistently ranked teams as will Missouri from time to time unless they bolt as well. Iowa State, Kansas, Kansas State, Baylor, Texas Tech and Rice do not a BCS National Championship spot make.
As for importing "better" national teams...USC and Notre Dame have some serious work to do before they help you in anyway short of having a highly rated TV game.
If I'm Texas, I'm pushing hard for TCU, BYU, and Houston, Boise State, any nearby quality program and getting the conference to 12 so we can have an SOS boosting championship game.
There is a very realistic chance that with a 2013 schedule of New Mexico State, BYU, Rice, Ole Miss, Iowa State, Oklahoma, Oklahoma State, Missouri (or replacement), Kansas State, Texas Tech, Baylor, Kansas, and A&M's replacement (if its not BYU), Texas could lose to Oklahoma, go undefeated and still not get a sniff for the BCS. And of that season is anything like this season...there might be a grand total of three games on Premium TV or ESPN. Its not that Texas wouldn't be on TV, its just that the LHN and FSN aren't ESPN/ABC.
If I'm Texas the A&M move doesn't panic me, but it is a cause for concern on a lot of fronts and the laissez faire attitude from Austin astounds me, especially considering UT athletics has really set the bar the past decade for forward thinking and running an athletic department.
Also Texas does not sell out every game, case in point last year. And playing down A&M teams has not hurt Texas in the BCS standings as OU/Tech/Missouri/OSU/Nebraska have generally all played us and been rewarded for their successes. Last I checked while A&M was down UT made two BCS national championship games and many other BCS games along the way.
As for your last point, that is just kinda sad man. I guess the only people Texas fans actually care about playing is Oklahoma and that game is only one day every 365 years...it would be like living every waking moment in anticipation of Christmas. Don't get me wrong I love Christmas but New Years Eve, the 4th, Halloween, and good ol' Thanksgiving are still fun as well. Even then OU was ready and probably still is ready to bounce. Hope that attitude changes, I know if I was a Texas fan I'd be really upset at losing Nebraska and A&M in a two year span (Arkansas too if you want to up that to 20 years) but I guess that attitude is why I'm not a Texas fan.