How does all that compare with the NCAA's own criteria for D1:

The NCAA is putting the final touches on it’s official D1 membership criteria. TheD1 Leadership Council’s recommendations include:

A five-year “reclassification” process for new members following no less than five years of membership in Division II.

New members must have a bona fide offer of membership from a multisport, voting Division I conference.

An application fee, the nature of which has yet to be determined. A requirement to meet Division I sport-sponsorship and financial aid requirements upon beginning the reclassification process.

A stipulation that institutions subject to historically based Academic Progress Rate penalties will not be elected to active membership.

A policy that new active members of Division I should not qualify to receive revenue distributions related to sport sponsorship, grants-in-aid, academic enhancement or Special Assistance/Student-Athlete Opportunity Funds for three calendar years after election to membership. After the 2010-11 academic year, a discontinuation of the multidivisional practice that permits Divisions II or III institutions to designate one men’s and one women’s sport in Division I, except in sports that do not have a Division II championship.

Institutions that currently “play up” could continue to do so, but would forfeit the opportunity permanently if the school failed to conduct the sport in Division I in any ensuing academic year.

Eliminate the designations of “core” and “continuity” for Division I institutions and create a more meaningful definition of a multisport conference, including a minimum number of active members, minimum sport sponsorship, officiating and compliance program rules.

Administration Cabinet recommendation of active membership to the Board of Directors instead of the Leadership Council.

I found this interesting:

Football — D-I football programs are divided into FBS and FCS. The 128 FBS programs can award financial aid to as many as 85 players, with each player able to receive up to a full scholarship. The 124 FCS programs can award up to the equivalent of 63 full scholarships, divided among no more than 85 individuals. Some FCS conferences restrict scholarships to a lower level or prohibit scholarships altogether.

According to this, and knowing that we are allowed 85 scholarships, we are FBS. We are in. They can sub categorize it all they want, we meet the criteria.