Note, as conferance championships are determined and the rankings are finallized, I am going to update this post.
 
Well thanks to the OSU - Michigan game, and West Virginia - Cincinnati playing later tonight.  I have been thinking of the BCS Bowl Games and how it compares to a playoff system in college football.  I think I have been in favor of a playoff system in the past, but I think the bowl system work.  It just needs fine tuning.  Here is my thoughts on the subject.  There are 11 Division I-A conferances in college football.  Based off of a quick glance at ESPN, there are the ACC, Big 12, Big East, Big Ten, Conference USA, Mid American, Mountain west, Pacific 10, SEC, Sun Belt, and WAC Conferances.  So lets have a 6 bowl game system which features the conferance champion of each conferance plus either the highest rated independent school, or if they all suck, the highest ranked non champion. 
 
The BCS National Championship game would feature the two highest ranked conferance champions.  Ideally they should be ranked as #1 and #2.  I mean, if you don't win your conferance, how should you expect to be in the national chapionship game?  Also, take out the human polls.  Base the rankings on the computer scores.  Last year I was pumped for a OSU/Michigan rematch in the national championship game.  But how messed up would it be to reconize OSU as the Big Ten Champion and Michigan as the National Champion?  That type of thing would just make the conferance championship somewhat meaningless.  The rest of the bowl games should feature the rest of the conferance champions either based on thier rank, or just by a lottery process.  So this would add 1 more BCS bowl.
 
Now in the case of conferances like the Big Ten who can have co-champions.  Either they get a conferance championship game, have tie breaking proceedures based on heads up play, or the BCS will reconize the highest ranked "co champion" as the BCS reconized champion for that conferance.
 
Here are the current list of conferance champions (CPU rank, Current BCS rank):
ACC - Virginia Tech (#1, #3)
Big 12 - Oklahoma (#6, #4)
Big East - West Virginia (#10, #9)
Big Ten - Ohio State University (#3, #1)
Conference USA - UCF (Unranked)
Mid American - Miami (Unranked)
Mountain west - Brigam Young (#19, #17)
Pacific 10 - Could not find
SEC - LSU (#2, #2)
Sun Belt - Florida Atlantic (Unranked) (Florida Atlantic won the conference's automatic bowl bid through a tiebreaker by virtue of its head-to-head victory against Troy.)
WAC - Hawaii (#12, #10)
Independent OR Highest Ranked Non Conferance Champion - Missouri (#4, #6)
 
And based on the CPU rank, here would be your money game.
BCS Championship Game: Virginia Tech vs LSU
 
The other 10 teams would play in other bowl games.

What do you think?