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it wasnt even 10 years ago that Utah and TCU moved up and they seem to be doing fine and better than they were because of the move up.You simply can't compare anything that happened in the 70's to what is CFB now. In the 70's, CFB wasn't a multi billion dollar business. Picking up MWC teams isn't going to move the needle one iota for a TV contract, as no one is tuning in to see Fresno State or Utah State or San Diego State play anyone from the PAC. Air Force may get some viewers as people like to watch their crazy ass offense.
Losing any more established P5 programs from the PAC is the end of the PAC. In all honesty, I think it is simply a matter of time before the PAC gets dismantled, as they just lost the heart and soul of the conference. If ND doesn't get what they want on a TV deal and join the B1G - it will be announced immediately another PAC team joining them in the B1G, most likely Stanford (though I'd rather Oregon, but ND will want their annual game with Stanford, and the B1G is all about academics and Oregon isn't a big academic school)