I saw a brief article about that, too, in the NYT, and the article either said they'd won or played in the D-II championship game.
What was weird about the article (at least I thought) was the reasoning for the move that the university apparently provided. They claimed to be dropping football for gender equity reasons. However, at the same time they were also dropping like four women's teams. Typically, though, don't schools add women's teams and drop men's teams in order to comply with Title IX?
My thought was that the school made a decision to drop football for cost reasons and then used Title IX as an excuse to drop the four women's teams, claiming, presumably, that after dropping football, the number of women athletes would've outnumbered the men unless they dropped a bunch of women's sports, rather than just coming out and saying that they were also dropping the women's teams for cost reasons.
I'd be interested to know what the real story was.