Just to play it out, there are several reasons why Marshall to VT is not batshit crazy:
1. Gregg Marshall grew up and went to high school at Cave Spring in Roanoke County, less than an hour away and he still has family in the area. VT is literally the closest ACC job to his home town. That has nothing to do with LOWF syndrome. That's just a fact unique to Marshall.
2. Blacksburg and Montgomery County, with the growth of VT and related high-tech industries, has become a very nice place to live, a College Town atmosphere. Arguably as nice as Winston-Salem which, let's be honest, has been struggling for decades.
3. Yes VT has historically been a basketball coach's graveyard, but the same thing was generally true for VT football (Jerry Claiborne got out as soon as he could) when Frank Beamer took the job, and for the same reason: No stable conference affiliation, which was essential in the modern TV era. When VT got into the new Big East football league in the early 90s, their football program took off like a rocket and Beamer took advantage of that to turn VT into the national power they always wanted to be. Now VT basketball has the ACC affiliation and is only awaiting the right coach. If you believe that the main selling point of the Wake job is the chance to coach in the ACC (and it is), then that same thing now applies to VT.
4. As in football, there is a lot of talent in the state of Virginia and the VT coach has an entrée into every high school in Virginia, where every faculty and most coaching staffs include VT alumni. VT has a very large alumni base, a very large donor base, and a statewide following of non-alumni and intense media interest. They are in the process of building a brand new dedicated practice facility for basketball, something we desperately need and have no plans for.
I think it is probably a moot point, because most likely VT gives James Johnson another year, since he has had a real bad run of injuries this year and the players love him, but if the new AD does pull the trigger it's not LOWF to see Marshall giving the VT job serious consideration.
Oh, and I forgot a big advantage VT has over Wake: Ron Wellman is the Wake AD.