I agree with a lot of what you’re saying. I think it’s a great option for the G5 teams. No more Tuesday night or 10pm games that no one is watching anyways. I don’t think it’s a good option for a P5 conference, though. The P12 has learned that the big value in being a P5 conference is having people talking about you all the time - it helps the brand immensely. This would be a move that takes it further out of the limelight and frankly would put it in direct competition to linear and cable TV providers. There is 0 chance ESPN/Fox/CBS/NBC talking heads are going to spend time telling viewers about games on a streaming platform.
I am also jaded because I see what happens with the soccer rights in the US. I’ve been following Leeds since 2018 and if you were wanting to have access to all of their games over a season you would need: ESPN+, linear tv, cable, cable sports package, Peacock, Paramount+. Not apples to apples but I could see a situation where a mountain west fan would need a subscription to a cable sports package, fox sports streaming and paramount+ just for conference games - then maybe ESPN+ for a non-con road game. They carve up the schedule to make you pay three different organizations to watch the games. That’s how they all make their money.
I jumped on the ala cart slingtv bandwagon in 2015 thinking it was going to be this super democratic free choice I can pick what I want option. Let’s just say I went back to cable and a sports package with espn+ on the side. Haven’t ever thought of looking back.