In an ESPN.com article, Delany talks about the new branding and conference changes coming with the additions of Rutgers and Maryland. Legends and Leaders is open for change. It sounds like he is very aware that a lot of people still don't like the names.
One of the quotes I found interesting:
"Whether or not we change division [names], I don't know," Delany said. "If [the divisions] are not geographic, we are not going to have geographic names."
So goodbye East and West, unless it really fits.
My hope is the B1G logo will change too, although he doesn't mention it. If the logo gets changed, then having Maryland and Rutgers will be worth it. ha!