Yes. But these numbers are a bit misleading. Utah and TCU have had good seasons lately after starting off very poorly. They've built themselves up and are competing well in their respective leagues. Now, I'll grant you that the domination they enjoyed in the MWC isn't likely to reoccur. But I didn't even think they were capable of competing. Clearly they are.
I think West Virginia is more of a function of coaching. Look, West Virginia was a big time program before all the realignment carousel. They competed as an Independent before the Big East. They have the most all time wins of any program that doesn't have a national championship and they've come close several times. So I think their issues are that when the carousel stopped spinning this last go around, all of their old time friends - Pittsburgh, Syracuse, Virginia Tech, Penn State, etc. - programs that they had played for many years, had a P5 home and they didn't. They are a small state without a major media market and a University without a prestigious academic reputation. Fortunately for them, the Big 12 was desperate. But it's not a great situation for them, being out on an island far away from everyone else. I also think Dana Holgorson is overrated as a HC.
I honestly don't think the Big 12 has any good options. As Krazy pointed out, they missed on FSU/Clemson. They missed on Louisville/Pittsburgh. This is all because of Texas and now that OU has supposedly grown a pair and wants to lead, nothing good is left. Teams like Colorado State/BYU/Houston/Cincinnati bring some good to the table, but a lot of negative. But Andy Staples does have a good suggestion. Don't add any of these teams now. Go out and win a few championships and then when the media rights expire the next time in 10 years or so, they would be in a better position to go out and get an FSU/Clemson or even someone from the PAC 12.