I personally believe that ESPN, the Supreme Court and the conferences will end up killing college football, but that’s just me. I just don’t think that if it keeps going the way it does with the money and greed that it’s sustainable.
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I think what you'll essentially see is the "biggest" 50-60 or so programs form a new division/subdivision that essentially becomes NFL-lite and gets "all" the money. The teams that are left out will dissolve due to insolvency (no more big TV deals) or reduce the size of their program to where they can afford them. Whatever is left of the sport after the new stratification stabilizes will return to a more regional sport (aside from the new "FAS" subdivision as I've seen it called) but many historic rivalries and teams will die, and unless your school is in the new subdivision or can somehow get their own TV crew, the only way to watch most games anymore will be to pay for a ticket and actually go.