I understand that you are trying to put a positive spin on circumstances that as a fan are beyond your control, but you can not honestly believe what you wrote. The AAC's worst enemy is not itself, on the contrary it has experienced success in spite of itself. How can you run down the programs and perception of the Big 12, B1G and ACC, but then proceed to make the argument that The AAC's Markets make it an equal competitor regardless of the programs that comprise it?
The Big 12 is a one trick pony? Seriously? Oklahoma and Kansas do nothing for it? Baylor, TCU, KSU, OSU and WVU have all played in BCS Bowls in the last 3-4 years. Not exactly the barren athletic wasteland you portend.
The B1G is OSU, PSU and then a bunch of slum properties in Michigan? Wut? So much is wrong with that statement I can't even address it further without my brain hurting.
While I agree that The ACC is hamstrung by having 4 schools in one medium sized state, we all know that no one is being kicked out of or voluntarily leaving a P5 Conference in the immediate future. What was the point of bringing the Hornets and Panthers into the discussion? North Carolina was a college basketball hotbed long before the NBA or NFL ever considered coming to town. Much of the state's rooting interest revolves around UNC v. Duke, UNC v. NCSU or gasp NASCAR. That won't change anytime soon. Factor in a large number of Northeastern and Midwestern Transplants, with their allegiances to "hometown" pro franchises, and you have a recipe for lukewarm local pro support.
Orlando, Houston, Tampa, etc, etc. might be populous and wealthy markets, but it doesn't benefit The AAC if there is minimal support for the programs located within. People love to joke about "little brother" schools within the various P5 Conferences, but if you remove UCONN from the discussion, the majority of remaining AAC Programs would be more akin to "sickly cousin" programs. They lag hopelessly behind in resources, facilities, alumni/fan support, recruiting and athletic history. Can programs occasionally break through and achieve big things? Obviously yes. Can it be sustained with any consistency? Nothing to date has shown me that it can.