So you advocate a system where maybe 18 schools would have football teams in the BCS and if any one of them had a few bad years they would be eliminated, correct?
Not exactly. I advocate a system where only about 40, max, schools have "Division I" ranking. There would be no other schools, and playing teams from other schools would not count toward your win/loss record in the Big Division.
I would make that division up of schools that have shown a sincere willingness over the long haul of making their team not only relevant, but competitive in college football. It would include teams like:
Florida State
Miami (FL)
Virginia Tech
Nebraska
Oklahoma State
Oklahoma
Texas
Texas A&M
Notre Dame
Michigan
Michigan State
Ohio State
Penn State
California
USC
UCLA
Washington
Oregon
Tennessee
Florida
LSU
Georgia
Arkansas
Auburn
Ole Miss
This is, of course, a partial list. I'm sure I'm forgetting some, and arguments could be made for and against others. But this is a good core, and would make compelling games on a weekly basis.
There's a ton more I could say here, but I've gotta go. I'll expound later on this pipe dream if you want.