1. I don't find rotating schedules with Syracuse, Nevada, Texas, NC State, Temple, Arizona State, Louisville, BYU, Rutgers, Maryland, South Florida, et al, "exciting." Notre Dame hasn't had a schedule that has excited me for twenty years, at least. I'd be more "excited" by making a few of the teams in the fictional conference every-year rivals.
2. This conference would both reduce the pressure to cheat or lower academic standards. Notre Dame is different than most. Let's keep it that way.
3. I'm not much of a fan of the style of contemporary football. Hearing a current version of Anthony Johnson/Jerome Bettis up the middle on first down of the first play of the game, as Holtz used to do, would render me orgasmic. Playing in a conference with Stanford, the Service Academies and possibly a couple others on that list might get ND back to playing a more run-oriented scheme. At its best 25/30 years ago, ND was always the most physical team on the field. Maybe even some option, dare I dream? Teams are even less able to stop the option these days because they see it so little. ("You'll never be able to recruit great wide receivers!")