
I agree that a NCAA Football Playoff system is needed. However, nothing will happen

until all of the "powers that be" are satisfied with any new system. First, the purists that like the old bowl system must be made happy. Second, all of the big bowl games must be meaningful (and profitable since big money controls NCAA football

). And third the BCS must somehow be used to keep everyone involved with the current setup happy. Therefore,
Go back to the old bowl match up system where conference tie ins (and hence conference champions) determine where one plays. Big ten vs. Pac Ten in Rose Bowl, SEC champ vs. at large in Sugar, etc.
There would be six automatic bids going to the champs of the six big conferences (five if one wants to diminish the Big East). The other two slots would go to those teams which did not win their conference but disearve a shot (e.g. Oklahoma and gasp Ohio state

) However, instead of taking just two, I suggest using the BCS to select the best four (Which would probably include Oklahoma, Ohio State, Tennessee and Georgia) and have a wild card type playoff to determine which two of the four could get the last two bids at an at large entry to the eight team playoff.
To review and clarify this years NCAA playoff would start like this
Rose Bowl USC vs. Michigan
Fiesta Kansas vs. an at large play in winner
Sugar LSU vs. an at large play in winner
Orange ACC (Florida St.) vs. Big East (Miami)
Ten teams would qualify. Except for the wild card games to select the at large teams, the existing bowl structure would be used as the opening round of the playoffs for the eight surviving teams. Conference play would be meaningful again.
After this the winners would play each other in some rotating dome home field system (locations to be determined well in advance).
PS. Since Michigan will beat USC they would naturally go on to win the next two playoff games and rightfully be crowned the national champions.
Lastly the California baby will be able to whine about the beautiful weather on New Years Day whenever Michigan plays there.