Discussion? Let's do it.
I like where the conference commissioners are going with this. I am a conference champion proponent, and I hope they go along this route. When you look at human polls over the years, there is one thing that's fairly consistent: by season's end all you're really left with is a ranking of records based W-L number. I don't think it needs to be any more complicated than looking at the top-4 conference champions by W-L record, and in the case of a tie at the #4 position, the consensus found in a poll should suffice. People who think a 9-3 team is going to get into the 4-team playoff are probably gravely over-exaggeriating this risk.
As long as all of the teams have championship trophies it could be considered the greatest playoff in sports.