Sounds like they are likely to approve the 24 team playoff. I HATE the 12 team playoff, and I'd still prefer less teams. I've honestly watched a fraction of college football compared to the 4 team era. Like literally as I'm typing this, I just realized that Georgia/Bama played last weekend and I had no idea who won. In previous years I would have been glued to my TV to see who wins. But both teams will probably make the playoffs so meh.
Anyways, I actually think a 24 team playoff might be better than 12 team though (but not 4 team). I think it basically makes it so the first round is like those 2nd tier bowl games and they now have stakes instead of meaningless with half the players sitting out (not sure if they'd be played as bowl games or on campus). It keeps more teams invested in the season. Like right now I'm completely checked out on Michigan's season. I've watched preseason UM basketball games and don't plan to watch whoever the football team is playing next weekend. In a 24 team playoff there would still be some interest in seeing if they could get their horsefeathers together.
Regardless, it's never going to be like when I'd check my phone and see an unranked Texas A&M is winning vs. undefeated Alabama late and racing to the TV to see if the entire college season will be upended. Those days are sadly over forever.