For all of the obvious reasons, (realignment, $, tv, a real championship, $, tv) the College Football Bowl games and BCS need to be realigned. A playoff systems should emerge
We need to consider Division I Conference Champions:
ACC, Big East, SEC, Big 10, CUSA, Big XII, MWC, MAC, WAC, Pac 10, Sunbelt, Independents
And we should consider the active, continuous, long-lasting bowl games (using their real names, not corporate sponsorships):
Rose Bowl (1902) Big 10 vs. Pac 10
Orange Bowl (1935) Big 12 vs
Sugar Bowl (1935) SEC vs.
Fiesta Bowl (1971)
Cotton Bowl (1937) SWC vs.
Tangerine/Citrus Bowl (1947)
Gator Bowl (1946)
Liberty Bowl (1959)
Peach Bowl (1968)
Sun Bowl (1936)
Holiday Bowl (1978)
http://www.footballbowlassociation.com provides some interesting perspective
The Proposal
Each conference gets 1 champion to enter into the Playoff system. How it determines the champion (playoff, record, round-robin, etc.) is up to them. This maintains conference integrity and discourages the need for large conferences. (It may even encourage more conferences a la NCAA basketball, but that can be choked off).
The Inter-Conference Playoffs
There are 12 "conferences" including independents
There are 6 majors (ACC, Big 10, SEC, Big 12, Pac 10, CUSA) and 6 minors (Big East, MWC, Sunbelt, WAC, MAC, Independents)
(We can argue whether MWC is major or minor, and also CUSA, but for seeding, we need one or the other).
We want to seed
12 -> 8 -> 4 -> 2 -> 1 (National Championship Game)
The Six Majors also have championships, we can call these bowl games and have them in fixed locales, roughly within the conference geography
Gator Bowl: ACC
Peach Bowl: SEC
Liberty Bowl: Big 10 -- this is weak, but Motor-City is weaker (or no bowl if Big 10 doesn't want a championship)
Cotton Bowl: Big 12
Holiday Bowl: Pac 10 (or not if Pac 10 doesn't want a championship)
Sun Bowl: CUSA
The 6 minors need to generate 2 teams. The minors should not have an intra-conference playoff
Bowl X : WAC vs. Sunbelt
Bowl Y : MAC vs. Independent (by Poll Rating)
Tangerine Bowl: MWC vs. Bowl X (MAC/Independents) winner
Sun Bowl: Big East vs. Bowl Y (Sunbelt/WAC) winner
Quarter-Finals (Preserve History as Best as Possible) Dec 31/Jan 1
Rose Bowl - Big 10 vs. Pac 10
Orange Bowl - Big 12 vs Sun Bowl winner
Sugar Bowl - SEC vs. MWC
Fiesta Bowl - Tangerine Bowl vs. ACC
Semi-Finals (Jan 7 or so)
Bowl: Rose Bowl vs. Fiesta Bowl winners
Bowl: Sugar Bowl vs. Orange Bowl winners
Finals (MLK Monday)
Winners of Semi-Final Bowls
Semi-Finals and Finals Rotate across many venues, like Superbowl
The remaining Bowls are for wanna-bes and runner-ups, like the basketball post-season NIT.