I love the idea that only conference winners can participate in a playoff. It gives the traditionalists their season "that matters", which is not a bad thing at all. You lose a Big Ten conference game, that in some years could kill your shot of being in the playoffs. It also kills the "should have been selected" argument. The lines are black and white. You win your conference, you go to the playoffs. You don't win your conference, you play a bowl game. The only downside is that non-conference games will have almost no importance anymore. The only way you could make them important is to have overall record break 3 way ties for conference championship game opponents and help for seeding in a playoff. But if that were the case, the first 3 weeks of college football will suck because no one is going to schedule anyone dangerous. In my proposal it would be the 11 conference champs, which, as you said, keeps the importance of the regular season. The 5 "wild card" or "at large" (or whatever you want to call them) teams would be determined by BCS rankings... the five highest non-conference champion BCS teams. Strength of Schedule is part of that equation. And from there, overall BCS rankings could seed the playoff.