An 8 team playoff would allow all competitive teams to decide it on the field, and I can't see how that isn't a money maker - look at how much the networks make in March. Millions of people who know fuck-all about college hoops get in on brackets and get excited when Colgate beats Wichita State. No one gives a shit about the current bowl system before Jan 1st. Know who is playing in the Beef 'O' Brady's Bowl? That's right: 8-4 Florida International vs. 6-6 Marshall. Someone explain to me how that's a money maker but a playoff isn't.
Give the Top 4 Conference’s automatic bids, but make those AQs dependant on conference performance (so a 7-4 UConn doesn't get in to a BCS game like last year). Give the other 4 according to the final BCS. This year your 8 playoff teams would be:
AQs from the 4 best conferences (in my opinion):
LSU
Okla St
Oregon
Wisconsin
4 Wild cards:
Stanford
Bama
Bosie St
Arkansas
If you think the ACC is better than the Big-12 then Clemson would be in and Arkansas would loose the wild card to Oklahoma St. The only 1 loss team not in the picture this year would be Houston, who in my opinion doesn't deserve to be. In years past this would have given Boise St & TCU shots at the title that so many think they deserved. It also would have given the undefeated 2004 Auburn Tigers the title they were denied.
I think if you go back every year since 1998 and looked at a suystem like this, no one is loosinga legitimate shot at winning it off, and no one is VOTING on the best team.
And if the NCAA insists, we can still watch 8-4 Rutgers play 6-6 Iowa play in the New Era Pinstripe Bowl.