The last couple weeks of a college football season are fascinating - there are so many things that can happen, so many different scenarios that can ensue, etc. It's extremely intriguing to look at the polls every Sunday to see who grabbed the upper-hand in the National Title race. The other thing that makes college football great, is that any one loss can end your hope of a championship - that's not the case in any other sport, especially not college basketball. There is some merit to the "the whole season is a playoff" defense BCS backers come to, but clearly there are some pressing flaws.
For starters, the BCS blows. The 30+ day layoff (ND had something like 45 days off before the game, which is beyond ridiculous) in between the final regular season game and bowl season is momentum-killing, in my opinion. I know college football fans will still tune in, but the casual fan loses interest, which is why the NFL will always be more popular in the Northeast. I get not wanting to over-tax these kids, but could a six team playoff really do that much harm? The regular season would lose little, if any meaning at all, and instead of having to wait a ridiculous amount of time for bowl exhibition games, you'd jump right into a playoff format that would rival, if not surpass the NFL's version in terms of popularity and excitement.
This year you could have had Georgia/Oregon and K-State/Stanford in the first round with ND and Alabama waiting in the semi-finals. Then when ND got exposed as frauds against Georgia or Oregon, you would have had a much more compelling title game. I said this last night - 5 of the last 7 BCS Title Games have been blowouts. You're doing something wrong when that happens, and it's an embarassment that it took this long to begin moving in the right direction.