I have always despised the "Power 5" label. It doesn't even make sense when most of the teams in those conferences are not "power" programs. If and until certain FBS (D1) conferences are officially designated as a separate division or level, "Power 5" is a misnomer at best and is a disrespectful slap in the face to all the other D1 programs in my opinion.
Yes, I know about the TV money difference. And that is a huge advantage in most cases. I also understand that there are conferences with stronger programs, but we all knew that before the stupid "Power 5" and "Group of 5" labels infected college football. (We know who pimped tho$e term$ after all and why.)
Oh, and my feelings about those labels will not change when USF gets into the ACC (or, sigh, the B12).