It will never happen, though. Not because it isn't right, but because it's too egalitarian.
We have all been brainwashed into thinking that only a small few of team deserve the right to play for the championship and that there is a real difference between teams in CFB.
If you had a 32-Team Playoff the parity would be amazing. You wouldn't have certain teams dominating everything. I would love the idea cinderellas galore. It would be the football version of the NCAA basketball tournament, which is by leaps and bounds the best part about college basketball.