With all this talk of schools heading to FBS (JMU, UD, ODU, ASU, GStU, GSoU) I thought that the chatter of the smaller, mostly private, schools banding together to form a comfortable FCS football conference really starts to make sense. So I think a merger of some of the PL, CAA and SoCon schools really looks attractive in a 60 scholarship highly academic conference.

North
Colgate
Holy Cross
Fordham
Bucknell
Lafayette
Lehigh

South
Richmond
William & Mary
Elon
Wofford
Furman
Samford

All private, except for W&M (which is more exclusive than most privates) great academics, and somewhat similar school makeups and sizes. You play your division members every year and the half the opposite every other year (switching). Here is a nice graphic showing the respective stadiums. All look like nice FCS fields.