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Will interest in college football decrease in areas other than the SEC and B1G when the revenue gap gets wider and wider?
Frankly, it already has and some of if it is mutual. Areas like the Northeast have always preferred Pro over College and this is why they don't have very strong programs historically and programs in that area have continued to decline and have less fan support (Boston College, Syracuse, Pittsburgh, etc.).
The West Coasts might be the region where College Sports are getting hit the hardest but I am not sure conference realignment is the cause.
EDIT: 12-team playoff will grow the sport, IMO because it will open the door to more Cinderellas which will happen.