In my opnion, what is the need to convert rec to iit. If they want to give more facilities to rec's then they could provide more funds , i dont think the name iit would fetch more advantage , but it will dilute iit atmosphere,as we all know tahat brand name sells , and in international market iit have a good reputation then what is the need to spoil that reputation. And if this step is due to the fact that the brand name will fetch other rec's jobs , then remember that campus placement from iit's is also not 1000% since last 4 years.