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As far as I know, the conference tournaments are still happening. At least with the larger leagues. It wouldn't surprise me to see some of the smaller ones canceled(NEC, SWAC, MEAC etc.) But I'm sure the would come at a cost even though, probably minimal in nature.
I suspect they are trying to make them happen, that's why mum on the word. They don't want to lose the revenue 2 years in a row. I think bubbling twice over 2 weeks is too much of a risk. I'd rather lose the conference tourneys and see the 68 happen smoother. Honestly, they should make it 64, but ... meh.
I think for the small conferences, it's a no-brainer. You're not getting that much revenue anyway, and you now you put your best team in the dance.