Nonsense. The BCS is junk, but the bowl system is a crock too. Take a BCS-like formula (only put stregth of schedule back in, please, and add a discount factor any poll with a pre-season bias built into it as compared to objective systems that don't care about pre-season rankings [this includes the AP and Coaches polls), and have the top 8 teams -- no automatic conference bids -- play in a three-round playoff starting Christmas week.
If we used this year's BCS as the formula, we'd have:
#1 Southern California vs. #8 Virginia Tech
#2 Oklahoma vs. #7 Georgia
#3 Auburn vs. #6 Utah
#4 Texas vs #5 California
This would set up an excellent second round on New Year's week of:
USC/VaTech vs. Texas/Cal
Okla/GA vs. Auburn/Utah
With the winners playing the following week for the title.
Now, Boise State is still screwed under this (they finished #9), but some of that is due to pre-season bias -- the computers have BSU ahead of Georgia and Virigina Tech, but BSU gets no respect for not having been a pre-season favorite and playing in a "minor" conference. Discounting bias-based polls would probably get BSU into the final 8.
As a by-the-way addition, the 3-round playoff would result in 7 "BCS" games ($$$$!) rather than the current 4, so I fail to see why the schools and the NCAA don't jump at the possibility.