From conference foes it will be a little laughter. I think the laughter might be because they are uneasy that KSU could become what they were with Snyder again. I think we are getting this reaction from ku and MU fans mostly.
I think everyone else is indifferent. They are probably wondering why we hired Snyder, but at the same time given his success and that he wanted to get back into coaching what better team to coach than the one he created.
i see no reason why he would come back, he won't ever reach the mark he had in the late 90's and has a very good chance of failure and will muff his legacy up, but then again it is kansas state. 
also what is he getting in concessions from the athletic department?
I can only hope you are wrong. I'd like to think we could get back to the top of the Big 12 North very soon. It's not like it's competitive. The main reason I have hope is because we aren't in the Big 12 South. I'm not saying we are going to have back to back 11 win seasons again, but I'd like to think we can put out 8,9, or 10 wins each year. Thats good enough for a Big 12 north title and a possible upset in the Big 12 championship that could take us to a BCS bowl.
Think about it: ku will be ku. (6-6) at best next year. CU and ISU will be terrible. MU will have a rebuilding year...hell who knows if they will ever be as good as they are now. Chase Daniels is the best thing that has ever happend to MU. Plus, MU has the Snyder curse. I think NU will be the team to compete with.
Remember, the last couple years of before Snyder retired we had a TERRIBLE offense. Was our Defense bad? Not at all. Put an offense to those teams and we have 3 or 4 more wins those years. We were in every game. If we can get some good assistants in and bring the fundamentals back into our Defense we will definitely be competing for a Big 12 North title.