I don't really know. I don't think his stock is currently what it was coming off a national championship so I'd think he would consider it. The point Andrew brought up about no probation is a good one. Ole Miss is supposedly after someone with head coaching experience, and the AD said he had already made a couple of calls yesterday.
The Ole Miss job would be a decent stepping stone to a real head coaching position at real D1 college football program in the future.