It's frustrating to watch the little Baylor peckerheads slow down A&M's move to the SEC, but in the end they have no real say. They can threaten lawsuits all they want, but they'll never win them. The SEC had a letter in their hands from Dan Beebe saying that the Big 12 "and its members" waive any right to sue the SEC. Now they're saying the letter doesn't apply to "its members", only to the conference itself. Oops. Guess you should have worded that a little better.
There's also the fact that pretty much everyone involved (Beebe, Fox and ESPN execs, the Big 12 Chairman, DeLoss Dodds, etc.) claimed A&M was replaceable and that the Big 12 could actually be stronger without the Aggies than with us. They also contacted Arkansas recently and tried to get them to come over to the SEC (you can imagine how short that conversation was). So I guess it's okay if the Big 12 wants to "raid" another conference but it's not okay if A&M wants to leave of their own accord? Silly.
Add that to the fact that A&M has no contract with Baylor, only with the Big 12, and it pretty much means that this is just a last, desperate move by a school that no one would have any interest in otherwise. The only real damage that's going to be done by Baylor, in the end, is to Baylor. I can't imagine any conference wanting to add them as a member (as if anyone wanted them before, anyway) now that they've shown their ass like this.