So the Chicago Muscle is going to be joining the Premier Basketball League (PBL) for 2012.
Leading the ownership group is an MU alum. No clue if former MUers will be playing for them.
http://www.thepbl.com/2011/07/premier-basketball-league-adds-the-chicago-muscle-to-their-2012-team-roster/
I also found it interesting that another PBL team, Central Illinois Drive (last year's PBL Central champs), have MU-inspired jerseys:
(https://sphotos-b.xx.fbcdn.net/hphotos-ash4/s720x720/421208_352356328138321_693962552_n.jpg)
(https://sphotos-b.xx.fbcdn.net/hphotos-snc7/429811_352352061472081_1263626716_n.jpg)
They have another jersey that looks like Castro Valley's (Juan Anderson's HS team), which was much like MU's.