This will be great if it comes to fruition. However, you can count on Virginia being grouped with North Carolina and VPI if it happens. If you have 3 divisions, you need 5 teams each which means either Notre Dame needs to join for football, or the league needs to add another team. (Then if Notre Dame joins later, the grouping changes to 4x4).
Central: Virginia, VPI, UNC, NC State, Duke 
North: Boston College, Syracuse, Pitt, Louisville, Notre Dame
South: Florida State, Wake, Clemson, GIT, Miami
Actually, no matter which way you slice it the groupings will be awkward. The one I have above breaks up the Wake v Duke rivalry. UNC v Duke is a big rivalry but NC State v UNC is bigger in football, UVA v VPI has to happen, and UVA v UNC is one of the oldest rivalries in all of sports, so that has to stay together. Also, if Notre Dame ever joins (big IF) they will want to be paired with BC for sure, and probably prefer Pitt and SU, but I can see them wanting FSU and/or Miami for recruiting purposes.  
But as others in the thread have pointed out, this is nowhere near official.