Red will continue to draw interest at the college level. But I'm inclined to think his preference is to find his way back into an NFL HC gig because the recruiting thing might not be his cup of tea, and because my speculation is that he still believes in himself and that he can be successful there. And his best path to that probably is to see if he can develop some regard as a TV analyst, and in turn, gain some traction for a smaller market job.
Could he just be content to stick with TV now that he's there? Entirely possible. If he and his wife had kids, I'd say very likely... since he seems to be such a family guy, it would really wear on him to try to do both the head coach and the daddy jobs. But since they don't (correct me if I'm wrong), and let's face it, he has his pride and can't be excited about the way he was tossed aside in DAL and then from NYG... I think that's the goal.