Welcome to the ultimate in "What If?" I am a fervent hater of the BCS and therefore have taken it upon myself to fix the problem. (NCAA I hope you're reading!) The plan is simple: take 16 teams and have a playoff. These 16 teams would be all 11 conference champions and 5 at large teams. The rest of the teams can still participate in their bowl games, which are (except for the revenue generated) already meaningless.
Now some rules: 1) Each conference can only have a maximum of 3 schools represented. 2) No two schools from the same conference can play each other before the National Semifinals. 3) The first round will be played at the home field of the higher seed, the quarterfinals at the current BCS bowl stadiums, and the Semifinals and Finals at a rotating site of those 4 stadiums.
My current projection would be:1) Oklahoma (Big 12)16) Troy (Sun Belt) 8) Florida St. (ACC)9) Wisconsin (At large-Big 10) 5) LSU (At large-SEC)12) West Virginia (Big East) 4) Oregon (Pac-12)13) Houston (C-USA) 3) Boise St. (MWC)14) Northern Illinois (MAC) 6) Stanford (At large-Pac-12)11) South Carolina (At large-SEC) 7) Nebraska (Big 10)10) Texas A&M (At large-Big 12) 2) Alabama (SEC)15) Hawaii (WAC)