OK, there was really no demand for me to repost my college football proposal, but here it goes anyway.
This proposal is designed to have a playoff and keep the bowls intact. Basically, there is a 16 team playoff with each of the 11 conference champions plus five at-large teams being seeded. Using a BCS type formula, the teams are ranked 1-16 and seeded just like the NCAA basketball tournament.
Some of you are incensed that Arkansas State, Northern Illinois and Louisiana Tech would be in the playoffs because there is not way in heck they are one of the best 16 teams in the country. Think of it this way though, they would be playing LSU, Alabama and Oklahoma State thus giving those teams a reward for having a great regular season. Plus, every D-1 team is eligible for a national championship, no matter what conference they're in.
The higher seed plays at home since it's too hard for fans to travel around the country week after week if their team wins. Home games would sell out and generate a lot of money for both teams.
The first round would start on the first Saturday of December. The real, final, championship game would be held at a neutral location in large NFL-sized stadium (Miami, New Orleans, Dallas, Phoenix, LA) two weeks after the semi-finals. This season, rounds 1-3 would be played on December 3, 10, and 17. The Championship game would be played on January 2.
One caveat. Under Conan's plan, only two teams per conference are allowed in the tournament. This is to make sure it doesn't turn into an SEC or Big 10 post season tourney. Also, it limits the possibility of rematches between conference members.
The big winners in this playoff scenario are Boise State and the conference champs from the non-BCS conferences. The big loser this year would have been Michigan.

Here's what the bracket would look like if it were held this season:

1. LSU
16. Louisiana Tech

8. Wisconsin
9. Virginia Tech

5. Oregon
12. Southern Miss

4. Stanford
13. West Virginia

6. Boise State
11. TCU

3. Oklahoma State
14. Arkansas State

7. Kansas State
10. Clemson

2. Alabama
15. Northern Illinois

What about the bowls you ask? Under the Conan plan, the bowls would be ranked based on payout amounts. They would then be allowed to choose from the remaining teams not included in the tournament. The Rose Bowl would be the first to choose, the Little Caesars Bowl would be the last. The Rose Bowl, for example, could choose to keep the PAC 10/Big 10 tie-in or choose a different team from another conference if the PAC 10 has another bad year and/or sanctions. Again, in under the Conan plan bowls can invite any available team once the bowls above them have invited their teams. There are no conference tie-ins. All bowl games would be played during the 16 days between the semi-final and the championship game (between December 18th-January 1st)
Some bowls need to die or be allowed to take 5 win teams. I prefer they die.

2011 Bowls and Payouts (in millions) :
1. Rose 18.0
2. Sugar 18.0
3. Fiesta 18.0
4. Orange 18.0
5. Cotton 6.75
6. Capital One 4.25
7. Outback 3.4
8. Chik-fil-A 3.35
9. Gator 2.5
10. Holiday 2.35
11. Alamo 2.2
12. Champs Sports 2.125
13. Pinstripe 2.0
14. Sun Bowl 1.9
15. Music City 1.7
16. Meineke Car Care Bowl of Texas 1.7
17. Liberty Bowl 1.35
18. Insight 1.20
19. TicketCity 1.2
20. Independence 1976
21. Beef OBradys 1.0
22. BBVA Compass 1.0
23. Military 1.0
24. Maaco Las Vegas 1.0
25. Belk 1.0
26. Kraft Fight Hunger .825
27. New Mexico .750
28. Famous Idaho Potato .750
29. Little Caesars .750
30. GoDaddy.com .750
31. Hawaii .750
32. Armed Forces .750
33. Poinsettia .750
34. New Orleans .500