The Plus 1 (or final four, in effect) is the most sensible solution and it seems like it is what we're moving towards. I think what's being referred to is 'status quo' being off the table at this time.
I think basically, unless the conference presidents really flame out on this, that we're at a four-team playoff, in essence, with the only real discussion being where the games will be played, how the teams are selected, and how the monies are divied up.