Hard to argue that those five aren't very deserving of the honour, and perhaps overdue to be recognized in some cases.
"It breaks your heart. It is designed to break your heart. The game begins in the spring, when everything else begins again, and it blossoms in the summer, filling the afternoons and evenings, and then as soon as the chill rains come, it stops and leaves you to face the fall alone." --- Bart Giamatti, on baseball
The Big East is an autobid conference until at least 2013. At that point, who knows how the conference will look. For now, at least, there are some speculating that the Big East champ could enter the BCS game unranked.