Don't know if anyone on here reads this blog, but it provides a lot of insight into realistic directions that the college football landscape could go in and makes some great points. This is a great article talking about how to keep the big boys happy given the variables in play for a playoff.
In my personal opinion, typically the biggest debate for who should be in the championship game resides between teams ranked #2 and #3. If the team ranked #2 or #3 did not win their conference (Alabama in '11, Texas in '08, Michigan in '06) they should still be apart of the playoff. This is about determining the champion of college football, therefore, the best teams should play.
I like Frank's ideas because it will allow the most deserving teams to play for a championship and give treatment to the Rose Bowl, which is a major political issue in this playoff.