The SEC decides not to invite Texas A&M...
... for now.
Most people I'm reading seem to think this is a "not yet" instead of a "no." The SEC obviously wants to make sure they can get the team they want as #14, and consider whether there will be a #15 and a #16. And the #14 needs to start play at the same time as A&M, which would have been problematic for many potential targets if the Aggies were going to join for 2012.
So I guess we get to keep hearing about it for awhile.