I don't think we'd be as far down as you believe (if we're even looking at him)...A guy with a track record of recruiting in Minnesota and Iowa is appealing to us. It's probably not as appealing to James Madison University in Virginia.
This may change as hires are made (particularly if my guy Nagy leaves SDSU), but right now I see at most 8 openings that you could argue are better than ours and I'm not sure Billeter makes sense at any of them except SF Austin (where an internal hire is pretty likely...not to mention they've got their own uncertainty issues to deal with)