Are you telling me that TV ratings and sponsorships would not be much higher than with existing bowls?
Let's look at 2011
Let's.
The BCS selects 10 teams. Presumably in your 8 team field you would not have chosen the Big East Winner (WV) or the lowest ranked at-large (Michigan). Taking the remaining 8 and doing a conventional seeding where lowest plays highest we would get:
LSU 1 v. Clemson 15
Stanford 4 v. Oregon 5
Alabama 2 v. Virginia Tech 11
Oklahoma State 3 v. Wisconsin 10
Okie State/Wisconsin is the only good game of the 4.
Stanford/Oregon had just played the Pac championship.
First Round (Mid December): Cotton Bowl, Orange Bowl, Atlanta and New Jersey
New Jersey? Like the Meadowlands? That makes no sense. We don't do college football around here.
You complain that the LSU/Bama rematch was lame and college football should have a playoff, but a playoff probably would have resulted in the same thing.... A Bama/LSU rematch.