Not unless they have been developing it behind closed doors.
The earliest we'll see a new game is for the '16 cycle, even if the votes were to go down quickly and everything were to be approved the earlies they could get next-gen game out would be sometime in the spring, which at that point you might as well spend the rest of the time developing and release it in July.
As for the charge that a game could not be successful with only the Power 5... If the customization aspect that they wanted to include for College Football 15 were included that part of the game could easily be outsourced to the fans (much like we handled the creation of FCS teams, and naming rosters for community use). And that is a scenario in which only the Power-5 would strike a deal to be included in the game (plenty of smaller schools would be more than willing to have themselves included). The reason why there isn't an NCAA 15 largely has to do with the leap to Next Gen; they were going to have to develop a new game for Next Gen consoles, if all they had to do was create a new iteration for PS3/360 they would have done so even without Ohio State (the team rumored to have been missing), and the exclusion of the Pac-12 licensing and B1G licensing (they still had the SEC for one more year thanks to the way the contract was structured that prevented them from pulling there licensing from '15 even though they wanted to). They were basically going to have to spend a lot of resources creating a new game that would only be released once and then shelved for the likely future (its hypothetical that they could have made money off of the first entry on PS4/XB1, but odds are they would be counting on future releases to make the time and money spent on developing new assets for next-gen worth it).
The NCAA franchise was a winning proposition for the schools involved (even if they were to split the money they received for licensing with the players), it wasn't until they were possibly facing litigation in relation to granting player likenesses that schools started to pull out. EA and the schools were put in a hard place thanks to the structure of the NCAA, they can't compensate the players without violating NCAA rules, schools would still sign on if they had to split up the money with their student athletes.