Akron FB joining the FCS is the only sensible decision. The G5 is much closer in terms of $$ and talent to the FCS than the P5. Joing the MVFC would actually be an upgrade in SOS and conference strength. I'm not sure they wouldn't be wiser to join the OVC where they would immediately be a top 3 team and likely be selected for the post-season. If they joined the 2015 MVFC they'd likely finish ~4-4 in league play.
Staying in the MAC is lunacy. The 2014 MAC champ couldn't even crack the FBS top 25 at the end of the season. Marshall, the C-USA champ, only lost one game and barely cracked the top 25. Akron could (and should) have a strong OOC schedule if joining the FCS. With all of the savings, they could host Oregon at the Info and still save $$. With all of the $$ saved, they could reinstate baseball. I suspect after the August NCAA D1 meetings, the distance between P5 and G5 will grow and the distance between G5 and FCS will diminish. Akron may be the first of many lower tier G5 schools to make the prudent choice to join the FCS.
I think they'll make decisions after this season, which they are expecting to be a winning season. If not, I think they'll let Terry Bowden go (he'll prolly just leave) and move to FCS. I think the negative publicity lately will only hurt attendance further, and even more wins won't save them. Last season they beat Pitt and were 4-2 halfway through the season....had free-tuition gimmicks....and still couldn't draw fans to their new stadium.
I think the inevitable will be announced this December....and may possibly even include a complete divorce from the MAC.