Not saying it should be done or even that I am a proponnent of dropping a division, but I think there are merits to competing for a National Championship. I also think that it is healthy to have the conversation about dropping to 1AA.
With the financial structure of major big time college athletics I have been open to the disucssion of dropping to 1AA for quite some time. I first started thinking about it in the mid 90s so this isn't because of one Temple loss.
I have thought about 1AA when adressing options for the athletic department. Along the lines of our athletic department having an identity crisis. For some time we were a football school, then a basketball school, then a hockey school. I have thought that schools our size get stretched too thin trying to be competative in many sports.
Here in Charleston the Citadel is 1AA and they manage to play some pretty good OOC games- at Texas A&M this season and they were leading @Florida State last season. Their tailgating scene blows ours out of the water. Their facility is very nice, holds 20,000+. They are currently 3-5 and averaging 13,875 fans per game.

And they just put in a new scorebard which is very, very cool and is low, right behind the goalposts, probably where ours should be:
But the biggest attraction for fans on both sides was the new Daktronics scoreboard which, to date, is the largest scoreboard in the state of South Carolina. Featuring a huge videoboard that can display replays, live action and more, the scoreboard is the width of the field’s playing surface.
Included in the scoreboard – in addition to the standard information – are updated rushing and passing statistics for both teams and a sound system which is perhaps the finest of any outdoor venue in the South Carolina Lowcountry.
I dont'/ think we need to jump off of Jerome Library because of this loss. THis loss was not worse than the Buffalo loss in 2000. This loss is goofy because of the state of this team and program. We have had recent success. We have recruited some of our best athletes, players ever but we just aren't all on the same page.
We'll see what happens. It says something about our program though when we have expectations and extreme disappointments because of the outcome of certain games.