Always a fun topic.
-I would take all 11 conference champs plus 1 at large bid.(Big XII, SEC, ACC, Big 10/11, CUSA, MAC, WAC, BIG East, MWC, SB)
-If Notre Dame would like to participate, they would need to join a conference.
-Computer and Human polls would determine at large bid. Tournament field would use same system for seeding purposes.
-Top 4 teams receive bye week.
-Pairings: 1-4 bye, 5v12, 6v11, 7v10, 8v9
-First round played at home field of higher seeded teams.
-Second round played at BCS bowl locations, 1-4 v winners of round one.
-Third round played at BCS bowl locations.
-Championship Game.
6 BCS locations will be needed so 2 will need to be added (Rose, Fiesta, Orange, Sugar, Cotton, Gator)
Championship Game locations could be played at any of these on a rotating schedule or possibly a larger venue. (unused NFL stadium)
All other preexisting bowls can invite any team not involved with the Championship (ala NIT).