If any Wasps mk2 was an English based rugby club it would fall under the RFU. So if they wanted to play in a different league it would need RFU approval. It would also need URC approval, which would I assume need all the constituent RFU's to agree. Can't honestly see either happening.
We seem to have equated "good news" with Prem 2. I can understand why, but do we have anything concrete to base that on?