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Colleges mainly take note of sanctions for championship play because it is a good indicator of the level of play. Most of the prestigious showcases (i.e. Boulder, Diamond 9, Surf City, etc.) weren't sanctioned prior to this year. When it comes to showcase events, colleges go by a combination of past experience, teams entered and how many players they're following will be there. A showcase's sanction will only affect it's status if it discourages desirable teams from entering it.
ALL PGF showcases now. Yep, let's take a step backwards and make this an NSA showcase tournament. Makes perfect sense to me.