I know I’m in the vast minority, but I think an eight team playoff is a terrible idea. Four is perfect IMO and going beyond this figure would be a disaster. Sure, there is going to be complaints about the fourth-fifth team, but I can live with that. Expanding to eight teams would diminish the value of the regular season; eliminate any value in many of the conference championships and big season ending matchups.
Last year, Auburn, Missouri and Alabama would have all been in, eliminating any value in the classic Auburn-Alabama finale or the Auburn-Missouri SEC championship. Michigan State and Ohio State would have been in, eliminating the need to even play the B1G championship.
2012 would have something like four SEC teams in with Alabama, Florida, Georgia and LSU. Both Stanford and Oregon would have made it. In 2011, three SEC teams, both Pac powers and top two from Big 12. In 2010, top two SEC, B1G and Pac. What’s the point of even playing these big conference games with this type of format? The FCS has like 14-15 conferences compared to five in the FBS. There hasn’t been a single year where the sixth, seventh, eight ranked teams deserved a shot at the title IMO, because they usually lost at some point to the team ranked ahead of them.