Well, I think this is great

You say it drops the pool to ~160 teams to pick from, but that's more than the entire 128 in FBS. Yeah you have to schedule more games but it's still enough to pick from.
As for hurting the lower conferences, sorry but when did it become our job to take care of them? They aren't our farm league or anything. It's on them to find a way to pay their bills.
As to the comment, the problem isn't scheduling those teams it's beating them: yeah that's true. But I think that's missing the point.
This should have been called the South Carolina rule. That's what this is really about. The conference RPI has been so bad lately, people don't respect us in hoops. I see this scheduling rule as throwing down a gauntlet to the schools and coaches, saying we are *serious* about being a hoops league, either get up to par or get humiliated when you can't eat cupcakes to get to .500 for the year with a crap team.
This rule is a statement about the SEC's commitment to becoming a hoops power - and THAT is reason enough to like it.