The best thing about this post is the subsequent emoticons/videos posted in reply. Funny.
In seriousness, the only relationship with the MWC that makes sense would be some relationship similar to what ND has with the ACC or had with the BE. Something like a 4-5 game scheduling agreement (to get more home games in Nov) and bowl tie ins (to make this one less thing to deal with). Along the lines of bowls, it might enable us to try to be included with "the highest ranked of the rest of the 5" group where the highest ranked team is guaranteed a Big Bowl (not playoff bowl) spot in the new system. Also, I wouldn't be opposed to rejoining in all sports BUT football. Especially for B-ball. Maybe it is something we might do when the CBS deal with the MWC ends and ESPN can come in.
With that being said, going back to the MWC in football would be a step back in both TV and schedule quality.