It looks like the new Southwest Conference Circle may be a pretty close replica of the old Southwest Conference Circle.
They have put red brick around the outside edges of the circle but have not put any team logos down yet. I was comparing pictures of the old circle with the new circle and the designs look basically the same and are also they same size.
I get the feeling the logos will go down close to the opening of the football season.
On another note, the area it is located looks a lot nicer than before the petroleum engineering building was built. They've done a great job with landscaping and that area may become a pretty good spot to set up tailgating tents.