It is unfair to the large majority of players, coaches, and fans who spend countless hours and dollars on NCAA Football, and show in poll after poll that they would prefer a playoff system.
It is a lie.  The BCS creators do not claim that an undisputed champion is not important or that this is just a college game, as some of its supporters do.  They claim that this is the best and fairest way to determine a national champion.  That is simply a lie.
Every other sports league in the world has a playoff or tournament system to determine its winner.  Elementary school leagues across the country, every high school and collegiate sport, every professional sport around the world, and even the NCAA’s own Division 1-AA Football has a very successful playoff system.  Why isn’t there a playoff for one of the most popular, competitive sports in the world?
The polls that contribute to the BCS rankings are laughable.  They are constantly listing teams ahead of others that no college football fan would ever rank in that order.  The polls are created by people who have far less knowledge of college football or its teams and history than most fans.
It only exists because of the defeatism and pessimism of College Football fans… not because anyone, even its supporters, really want it.

There are 11 Division 1-A conferences.  The top 5 ranked conference champions would get automatic bids.  The winners of the other 6 conferences would play 1 head-to-head matchup with another conference champion (1/6, 2/5, 3/4) for the other 3 spots in the 8 team playoff.  (Note: The current BCS formula could be used to seed the 11 conference winners.)
The conference championships and play-in games would be settled by the 2nd week of December.  The playoff would start with the round of 8 on the 3rd week, the Semifinals in the 4th week, and the Finals on or around Jan. 1 (or the first week of January).
Seasons would go back to the regular 11 games (that was standard for decades up until recently), meaning the longest season would be 16 games (11 games, a conference championship, a play-in game, and 3 playoff games).  Only 8 teams would play 14 games or more (which many teams play regularly now).
This system would give all 117 D-1A teams an equal chance, it would produce far more money than the current system does (the small bowl games could be kept as the football version of the NIT that they basically are now), and it would provide for December Saturdays full of classic games and occasionally, monumental upsets.