I doubt that this will happen, but if they're forming a committee they're at least more serious about it than they have been in the past. I remember the idea being mentioned several times before, but nothing ever came of it.
They certainly have a large enough student body to make the move, but funding will be a serious issue in order to compete at the next level. They will need to make significant improvements in the way of stadium and other football facilities to compete with the likes of Troy, USF, etc.