Just some commentary from an outside observer...
I think more and more people are recognizing the MVC as a major conference. Attendance at most games is 7-10+ thousand people. It has some great teams and arena's. It has some of the best basketball venues in the US. Indiana State just beat Indiana. Wichita State beat Providence and Iowa just lost to N Iowa
Which begs the question, why isn't St. Louis in the MVC? I am not sure what you gain by traveling east to play a bunch small east coast schools in a comparable league. Playing Xavier and Dayton in Ohio makes sense, but, playing the likes of Charlotte, Rhode Island and LaSalle makes no sense to me. And I suspect most St. Louis fans could care less too.
In my humble opinion, St. Louis, and Marquette too, should be in the MVS where you would be playing in front of your natural fan base and against natural opponents. All these moves to establish national conferences like the Big East/Midwest and the Atlantic/Midwest 14 are destined to fail. Regardless, given the current state of the MVS, don't you think you and Marquette would probably be enough elevate the MVS into the Major conference category?