Local news here has been all over it, we've gotten play by play pretty much
My Dad told me he heard on the radio this evening that the VT unofficially said they were going to join. There shouldn't be a doubt in anyone's mind over Miami, they've been planning this thing for awhile.
My Dad and I theorized on this as well. Obviously this is a compromise to get the votes needed. The ACC still does not have the 12 teams needed for a championship game. So we think the plan is that they'll do this for now and then maybe in two years add the 12th team to overrule the dissenting members (namely Duke and UNC).
I think the league should have went ahead and got 13 teams now by inviting Miami, Syracuse, BC, and VT. This way they could get the championship game now. Hell, in some ways it seemed like a good idea to just go ahead and "merge" (take over) with the Big East and add Pitt, WVU, and UConn to the league making it a 16 member league with a true North and South division. This way the ACC would be by far
the most dominant league in the nation. Also, just think of the TV contract they could demand with that kind of coverage. Profits would be amazing, but the initial cost would be high.
I'm pretty satisfied for now though. VT and Miami were the two teams that I wanted from the Big East.