Here’s a post from the guy who is one of the co-founders of Playoff PAC, in reaction to the BCS game selections. It doesn’t break any new ground in the debate, but it’s worth noting this passage:
… the BCS did nothing to address the system’s greatest defects by selecting Boise State for an at-large spot. For example, the ACC will receive approximately $18.3 million from the BCS this post-season. For accomplishing the same feat – placing one team in a BCS bowl – the Mountain West Conference must divide $9.6 million among its fellow five “non-AQ” conferences. Forcing these teams to live off of table scraps is not good for college football’s long-term health. Unfortunately, Boise State’s historic at-large berth doesn’t mean the BCS has changed its anti-competitive revenue distribution system.
Again, it bears repeating to everyone who insists that there is a logical limit to the size of a playoff because of competition… don’t forget to count the money. Because you’d better believe none of the schools are.