I liker your idea too but I think a 16 team seeded playoff is the best and fairest way to deal with this.
There needs to be a tangible reward for going undefeated, playing in tough conferences and strength of schedules.
But there needs to be a limit as to the number of cupcakes a team can play every year too. Plus I think 2 games should be scheduled each season among the 6 BCS Conferences based on your teams conference placing in the previous season. For example Penn State could play Florida and Cincinnati next year since all three teams finished first in their conferences.
So far the best first half of football in this bowl season. And to be listening to Pat Summerall doesn’t suck either!!!
16 teams is too many, it doesn’t reward the better teams for a good regular season. I will be willing to go to 10 and that’s all.