Ahh, crap...we've got a Michigan fan here
How about during the 1994-95 season, when Penn State went undefeated and was declared #2 in the polls while Nebraska (also undefeated) was ranked #1?!? PSU didn't even get a chance to go up against Nebraska in a bowl to see who was the better team! In this situation, the BCS would've helped resolve some issues.
I agree the system is far from perfect, but the one thing the BCS has above the polls is that it at least makes an attempt to be objective by putting characteristics of the teams into a measureable form.
Also think a playoff system would be nice, but it would have to be short because Spring semester usually starts in the middle of January. There would still need to be some kind of ranking system to determine who gets into the playoffs, just by virtue of the huge number of Division 1 football programs out there. It's not as simple as just taking each conference champion, because some conferences (Big 10, Big 12, SEC) are obviously stronger than others (like Conference USA or the WAC).
By the way, after that bunk 1994-95 season Penn state was named national champs by the New York Times. Doesn't really mean anything, but we're fiercely proud of it.
Go Blue...and White!
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Greg
91 LX Convertible