As promised here is my current playoff system, if the FBS had a 16 team playoff

Here are the original rules for my system:
Rule #1: All Conference champions are in the playoff, provided they are in the top 20 of the final BCS standings.
Rule #2: No conference members may play each other in the first round.
Rule #3: Notre Dame gets a bid provided they are in the BCS top 12.
Rule #4: The Championship game will always be played on New Years' Day.

1st Round:
Friday Dec. 7th (4 games) and Saturday Dec. 8th (4 games)
Quarterfinals:
Saturday Dec. 15th (4 games)
Semifinals:
Saturday Dec. 22nd (2 games)
National Title Game:
Tuesday Jan. 1, 2008

Current BCS standings http://sports.espn.go.com/ncf/BCSStandings

Teams in from winning there conference and being in the BCS top 20 (currently designated as highest BCS team in the conference)
LSU (SEC), Oregon (Pac-10), Kansas (Big 12),West Virginia (Big East), Ohio State (Big Ten), Virginia Tech (ACC), Hawaii (WAC)

Current First Round (Games played at site of higher seed)

Woody Hayes Bracket
1)LSU-SEC Champ
16)Hawaii-WAC Champ

8)Arizona St.-At Large
9)Georgia-At Large

4)Oklahoma-At Large
13)Florida-At Large

5)Missouri-At Large
12)USC-At Large

Bo Schembeckler Bracket
2)Oregon-Pac 10 Champ
15)Clemson-At Large

7)Ohio State-Big 10 Champ
10)Virginia Tech-ACC Champ

3)Kansas-Big 12 Champ
14)Virginia-At Large

6)West Virginia-Big East Champ
11)Texas-At Large

The way it would work out currently is you could actually have the top 16 teams in the current BCS standings have a chance at the national title. Also some intriguing 1st round matchups (Oklahoma/Florida and West Virginia/Va Tech) that would get huge ratings. Would also be an excuse to have another office pool. The money they would make on this would be tremendous and even steal thunder away from the NFL playoffs. December could actually be designated National Football Month with everything goes like this.

Back tomorrow with a weekend update and a tribute to Antonio Cromartie's amazing three weeks.