The BCS formula is a good formula for the most part. The combination of human polls and computer polls is a good idea. We are now 10 times more likely to get a #1 vs #2 matchup to end the season as opposed to the old system. However I think a 16 team playoff could work very well. Division 1-AA, 2, 3 and NAIA all use this system just fine. All you have to do is use the BCS standings to determine the seedings. Seeds 1 thru 8 get a regional home field advantage in the first round. Example the SEC would choose Atlanta, Birmingham, and Nashville as possible first round locations. The Big Ten would choose Indianapolis, Detroit, and Minneapolis. If these conferences land more than one in the top 8 the highest seed would choose followed by the next highest seed. The reason this would work is that the majority of these stadiums have an annual bowl game and a first round playoff game involving #1 Alabama vs #16 West Virginia in Birmingham would be a better draw than the Papajohns.com bowl with South Carolina vs UCONN. This year the top 8 teams would be playing in these potential cities Birmingham, Dallas, Pittsburgh, Houston, Atlanta, Denver, Seattle, and Indianapolis. Instead of the Texas Bowl with Navy vs Missouri the city of Houston would be hosting #4 TCU vs #13 Penn State. This is obviously the correct path for the future of the NCAA football.