I have no philosophical objections to neutral site games. I think they are a good way to augment your existing 7-game home schedule with an 8th game where you can share the revenue with the other team.
But from a practical perspective, I'm not sure what game would be a good neutral site game.
I don't think Rutgers has enough national appeal to warrant neutral site games at neutral sites that aren't in NJ or nearby states. There doesn't seem to be a point for Rutgers to play Texas in Atlanta or Chicago. So we are pretty much talking about neutral site games at the Meadowlands, Philadelphia, and maybe Baltimore.
Penn State would be a good neutral site rival if we were in different conferences. A game in Philadelphia or the Meadowlands would be a good way to accommodate fans from both schools. But since we are in the same conference, I would much prefer home-home series rather than neutral site series. Same with Maryland.
I don't think Rutgers has enough strength to force an opponent into a home-neutral series. The possible exceptions are Syracuse or Temple, where they may see a benefit of playing in Piscataway followed by neutral games in the Meadowlands or Philadelphia. But even those schools would fight hard to the the return games as home games for them, not neutral site games. And if Rutgers had the strength to force them into home-neutral series, I'd rather see us use that strength to force them into 2-for-1 series.
So the only way a neutral site game would work for Rutgers is for a purely neutral game at the Meadowlands, with no return trip. But for that to work, the opponent needs to have enough fans in the NY area to fill half the stadium. Otherwise Rutgers is filling the stadium and giving half the revenue to the opponent. In that case, we should play in Piscataway and keep all the revenue.
I can only think of a handful of non-B10 teams with enough fans in the NY area to fill half of the Meadowlands: Notre Dame, Syracuse, UConn, and West Virginia. And for all except Notre Dame, I think it will be a stretch for them to fill half the Meadowlands. And for all of them, I don't see the advantage for Rutgers to play a neutral site game where Rutgers gets 40,000 seats vs playing a home-home series where Rutgers gets 50,000 seats in Piscataway.