I don't blame Syracuse at all. They did what they thought was best for their school and university. I think that they made the wrong decision and will regret it in the long run (they will make more money in the short term, but their athletic programs will suffer in the long term...ie BCU). But again, I don't blame them one bit if they thought this was best for them.
It is really a simple analogy. Syracuse is just like Chris Bosh is in the NBA. A very good player (program), but not one that you would build your team (conference) around. He (they) are probably better in perception/reputation then he (they) are in reality and actual performance. He (they) decided that he (they) would never win an NBA Championship (get big time BCS conference money and stability) unless he joined another group of players (conference) which he could ride their talent (strength) to the Championship. It is probably the right decision for him (Syracuse), as he never would have reached the ultimate goal otherwise. But it is definately a move by someone who is acting in fear and a position of weakness versus someone who is confident in themselves and working from a position of strength.
To take the analogy even further....hopefully we can become Kobe Bryant/Tim Duncan/Dirk Nowitzki. We stay and build a team (conference) around us and continue to grow our own game and strength where we can actually lead a team (conference) to the promise land. We can be the leader instead of the follower of someone else's abilities.
And if that doesn't work...we can just become Karl Malone/Gary Payton and try to jump ship to a stronger team (conference) at the last minute to get a championship (BCS conference) before the time is up and we have to retire (the BCS Super Conferernces form for good). Although that didn't exactly work out for them in the end.