Just a few quick thoughts...

A playoff makes sense. It's quite sad that there is so much money made in college football, but constant debate on the championship.

I like Adams idea, but I'm not a fan of the lack of detail. If you're going to make a pitch, have everything covered. He mentions using the 4 current BCS bowls as opening rounds and then having 2 semifinal games and a championship. Why not make even more people in the bowl system happy and include more of the existing bowls.

A few tweaks to the Adams plan:
In order to give the current BCS Bowls the priority they feel they deserve, a system could be put in place in which the Orange, Rose, Fiesta and Sugar bowls rotate as the National Championship game as well as the (2) semifinal games. That means that once every four years, one of the bowls would host a first round game.

That leaves 3 other opening round games to fill. Rather than lock in 3 Bowls, an additional rotation system could be used to determine locations. This would be no different than the format used in the NCAA Basketball Tournament.

Locations and Bowl prestige might carry some weight. So bowls such as the Cotton Bowl (Dallas), Chick-Fil-A (Atlanta), Capital One Bowl (Orlando), Outback bowl (Tampa), Holiday Bowl (San Diego), Gator Bowl (Jacksonville), and perhaps even the Liberty bowl (Memphis), Meineke Car Care Bowl (Charlotte), or Champs Sports Bowl (Orlando) could host one of the (3) available games.

This does more to end the current bowl system than Adams' plan. His would maintain the bowl system as is, simply adding three more games.