to me, actually identifying potential AD's is an issue... Babs can't do that, the committee isn't really set up for that either... this is actually where having a search firm is useful because a decent one could help find who is looking to move up. My concern is that they're going to be sitting in a conference room calling the Colorado Athletic Department, and then after being hung up on calling down to Charleston to see what Tom Michaels is up to. (it won't be that much of a farce, but you get the point). I don't think you can expect a volunteer board to cull all 360 athletic departments and know who's a riser. Hopefully those people apply for the job (they'll obviously know about it) but being able to made a connection helps.
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If they will be used to do that, this is a good move (it's too bad we didn't start this back in September/October)... if they're expected to do most of the legwork and do 80% of the work once HR drops some resumes on a table, I'm a bit worried.