Ten reasons why the answer is hell no.
1) Baylor is Temple, except a small private school with no media market whatsoever, so it doesn't even have whatever nominal tangible advantages that Temple has.
2) Baylor was given the same opportunity that USF was given, except better, with even more cash. And what has Baylor done with it? Baylor has been far, far worse since joining the Big 12 than it was before, not that it was a world-beater in the SWC, not because of superior competition, which is what they'd have you believe, but because they pissed away their ample financial resources, made terrible coaching decisions, and for the most part, gave up on any desire to field anything other than an embarrassment of a football program.
3) And all the while, their fans and administration have prostrated themselves at the altar of Big 12 superiority despite having absolutely NOTHING to do with that superiority, staking their identity not on themselves but on being in the same conference as Texas and Oklahoma. And what's worse is that they have fooled themselves into a sense of entitlement over being in that conference, so much so that they lobby legislators and threaten lawsuits if they see a chance their gravy train may cease.
4) Pertaining to (3) did you see how part of their plaintive cry to the Texas Legislature is that A&M leaving the Big 12 will hurt "sacred rivalries" and economically hurt schools like Baylor. And they wallow in this hypocrisy while knowing deep in their cold, shallow, soulless hearts that they didn't give a DaMN about sacred rivalries or economic impact when they used political power to threaten Texas and Texas A&M not to leave them in 1995 and cast longtime rivals TCU, SMU and Rice out into the Dead Sea.
5) Baylor has some decent to great non-revenue sports, but those sports have been supported at the teets of Texas and OU, not from any merit they've earned themselves. TCU has decent to great non-revenue sports AND a great football program, and ALL of it has been earned, and earned the hard way, with a fraction of the TV revenue, a fraction of the TV exposure, with the inherent recruiting disadvantages of non-BCS conferences, devoting resources to finding new homes every time a conference fell apart around us.
6) Given Baylor's administrative mindset and assuming that mindset would have remained consistent had THEY been left for dead in the WAC, they would be Rice right now, without the academic cred.
7)
http://en.wikipedia...._Polanyi_Center
8)
9) Baylor sucks.
10) A lot.
Does this sufficiently answer your question?