You mean the BCS formula that used the media and coaches' polls? You mean we should trade a system based on the opinions of sportswriters and athletic directors........for a system based on the opinions of sportswriters and athletic directors?
the AP removed itself from determining and crowning champs after the USC-LSU split championship ordeal. 2004. the current selection committee consists of one sportswriter out of 13 members, a 30-year veteran from the USA Today.
I believe the coaches poll remained a factor throughout the BCS era. & yes, no doubt the coaches (or the ones who actually vote on the coaches behalf) inflate that poll based on who they are playing & on conference affiliation. it's like if we rank our opponents real high, then beat them, we look even better.
my gripe with the BCS was many times there was controversy surrounding deserving one-loss and even undefeated teams. Boise State went undefeated twice. Utah went undefeated twice -- '08 season they went 13-0, defeated Alabama in the Sugar Bowl and got zero consideration for the title. TCU went undefeated in 2010, so it's no surprised they weren't surprised at being snubbed again last year.
the football "final four," which is funny to even try to justify calling it that compared to the real Final Four, would seem to erase scenarios like those above by giving not 2 but 4 teams an ultimate chance at the title. typically there are not more than 4 arguable teams.
last year was not typical though -- 5 deserving one-loss teams + undeserving, but undefeated Fla State. there was no way to service 6 teams with 4 spots.
rare, yes, but not impossible to happen again.
for what it's worth, the final AP poll from last season indicates the true final four:
1. Ohio State
2. Oregon
3. TCU
4. Alabama