Great post. I'm happy that some of the lackluster match-ups benefitted the ACC, but overall this current system, apart from the relatively succesful 1 and 2 match-ups (this year a total success), stinks. The Rose Bowl/Orange Bowl match-ups were ridiculous. Iowa has lots of Florida players and they probably suffered from an extended vacation where many of them were allowed to visit family and friends, but the real match-ups should have been Oklahoma/USC to keep some of the history in the Orange, and Washington St./Iowa to give some real meaning to the Rose Bowl. I don't think any of the schools (at least not their fans) would have been disappointed by that arrangement. What we got instead were two snoozer blow outs with absolutely no historical appeal. Under the BCS history is out the window.
There are also too many bowl tie-ins. I love what the tie-ins are doing for the ACC, but this system is bogus. Like the SEC, we probably have two teams in bowls every year (at least) that don't belong there. Because of these conference tie-ins, teams like Oregon, Tennessee, and Notre Dame had match-ups with teams they couldn't care less about. That's no excuse for not showing up, and I'm very pleased with the outcome, but unless you are an ACC fan or a hater of those schools, the bowls were awful. The same was probably true for Nebraska against Ole Miss. The vast majority of these bowls are "who cares?" match-ups with absolutely nothing at stake, and intriguing squads like USF are left out entirely.
I think the 12-16 team playoff system is a much better (admittedly not feasible, yet) solution to this problem. You'll have at least 15 games that mean everything to both teams, instead of one truly important title game and one or two compelling match-ups in the other bowls. And the fans of every team participating in the playoffs will tune in in droves because they'll all feel like they have a shot. That's much better than having 1/3 of the Vols fans tune in to root against their team for playing so poorly, then turn off their tv's by halftime.
There are some great ideas for a 4 team playoff system on this board. That's much more likely to happen sometime soon. Hopefully the NCAA, school presidents, etc., will see just how much those games mean, and how little the piddly consolation bowls mean. The discrepancy should be glaringly obvious by then. I think we might stay stuck if we are only trying for a 1 vs. 2 match up. But once a 4 team playoff is in place, I think everyone will wise up and we'll be on our way to a large playoff system.