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Fold? No, I don't think so.
I think small schools have always been cannon fodder, because they cannot get home games and often give up a very large portion of revenue. But this is getting better. For instance, the MAC's Ohio University will host Big Ten's Minnesota this year.
As far as "superconferences" go, near as I can figure the strength is to get together for better tv contracts and a championship game. The MAC, for instance, already has a championship game on ESPN and a TV contract with FOXSports. Sure, the others get more money with their contracts, but they spend more too.
Some other problems for small schools to say in existence may include rules that have been proposed regarding attendence. You may need 16,000+ average. This might spell doom for some smaller programs.
But, overall, I think financially schools will always support football. It is vital to keep lifelines attached to alumni who give support.
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