Much more appropriate to their fanbase, market size and program prestige than the old P12.
Much better matches:
SDSU
BSU
FSU
CSU
Compared to :
USC
UCLA
Washington
Stanford
Oregon
Arizona
Arizona St
Utah doesn't belong anywhere and CU probably should have always stayed in the B12.
Solid programs in a similar geographic region with similar program prestige. I think these teams make a lot of sense, although I am not sure what you do about adding other programs, 6 is not enough. I definitely could see the strategy of taking these 4 teams and then inducing a few others to join at subpar terms out of sheer panic.