In fact, college baseball is stronger than ever. The Super Regionals and the CWS are BIG events on ESPN. And it's about to get stronger once MLB makes some changes to the draft which I think are inevitable- including a slotting system and making the draft worldwide. Those two things are going to cause more high school players to go to college because it's going to take away a lot of their negotiating leverage, and the international guys are going to cause guys to drop down in the draft lower than they would have previously. It's also going to mean that you are going to see more juniors in college baseball going back to school as well because it's going to drop some of them down as well. Basically, what that amounts to is more good players going to college, and staying in college for four years. Those draft changes will probably occur in the next couple of years or so. They are also going to be able to trade draft picks, but I don't think that will affect college baseball at all.
The roster limits are also going to insure parity to a degree. I don't like the roster limits- I think they should be at least 40 for every team. I also think that there should be at least 20 full scholarships per team, and then 5-10 50% scholarships, which would allow for 10 walk-ons. And I would also like to see college baseball go back to wood bats as well. At the very least, the major conferences should- SEC, PAC-10, ACC, and Big 12- for conference games.
Also, the new draft rules are good for the Delta State's and the JUCO's of the world because with the roster limits and better players coming in at the D-I level, it's going to force better players to drop down to the lower divisions that wouldn't have been there in the past.