Brian Murphy has been doing some great digging recently. He should stick to covering conference realignments.
BCS director explains process for Mountain West waiver process

The Mountain West can ask for permission to enter the big kids playground soon after this season. The BCS Presidential Oversight Committee will then review/vote on the appeal. BCS Director Bill Hancock (pictured below courtesy of Mr. Fiskers) expects the voting to happen in December.

So whats our real shot here?

via assets.sbnation.com

First glance, members of the BCS Presidential Oversight Committee include:

Chairman, Graham Spanier - President, Pennsylvania State University (bio

Scott Cowen - President, Tulane University (bio)

Rev. John Jenkins - President, University of Notre Dame (bio)

Robert Kustra - President, Boise State University (bio)

Max Nikias - President, University of Southern California (bio)

Duane Nellis - President, University of Idaho (bio)

Mark A. Nordenberg - Chancellor, University of Pittsburgh (bio)

John G. Peters - President, Northern Illinois University (bio)

Bill Powers - President, University of Texas (bio)

Gary Ransdell - President, Western Kentucky University (bio)

Charles W. Steger - President, Virginia Tech (bio)

Robert Witt - President, University of Alabama (bio)

It should be noted that all FBS conferences are represented above but who is going to say we know all the FBS conferences that will be in existence come November. Murph mentions that with Pittsburgh and possibly Texas changing conferences, it could lead to a different committee make-up.

I want to say we get it, especially with the newly minted Federation plan. I have my worries about dUI prez/Karl Benson sticking it to the MWC, are these worries unfounded? I can't tell. Karl sure was ticked how things went down. We've got Kustra's vote and Scott Cowen if this involves a C-USA merger. After the shutdown the MWC got last time when it had TCU and Utah I've got my doubts...