This year, it is. Next year, it won't be. That's the problem with conference realignment. Everything changes.
The WAC, as it stands now has a bit higher prestige and conference revenues. But next year will include teams like UTPA, Chicago St. and Grand Canyon. Their prestige has gone south very faster. They are, in fact, the very biggest loser of conference realignment. Even if the lineup stayed current with the 12/13 offering, revenues were going to slip when media agreements were due. So long term, this is a step up.
UTA would have been happy staying in the WAC, but when Louisiana Tech and UTSA left for C-USA and Utah St and San Jose departed for the MWC, it left us and Texas St in a bind. For the Bobcats, the Sun Belt was a very legitimate option. For us, we were fortunate that Arkansas-Little Rock is still a member. It helped balance out the non-football schedules.
As it stands now, next year's WAC will be less competitive (from an RPI standpoint) than the Southland in just about every sport. They have a lot of room for improvement and likely will now that they have an auto-bid, but it was a move we had to make.
And personally, I would still be wary of the WAC being a springboard for programs moving up (I am in the Sun Belt too, just not as much).