Keep the Coaches' and the Writers' Polls. Shit-can all the BCS crap completely. Let the fans argue about who is "Number One" for the next year. That's what makes it interesting.
For all the myriad of minor bowls, let them play during the December Christmas break and let their chips fall where they may. Scratch the Senior Bowl--let the NFL pay for holding its own tryouts.
I know these halcyon days won't return, because the sh*tty little moneygrubbers who have seized control of big college football won't allow for it. Sad.