The most frustrating thing about the BCS this year is that it would've been so easy to have a 4 team playoff. Now that they've added a 5th game, the championship game is played a week after the other 4 BCS games, so they could've just made a couple of the January 1 BCS games semifinals.

For instance, on January 1 we could have
Rose Bowl: (1) Ohio State vs (4) LSU
Fiesta Bowl: (2) Florida vs (3) Michigan

And the BCS Championship Game would still be on January 8.

Sure, there would be other issues this would create (such as a debate about who should be #4), but at least undefeated major conference teams (like 2004 Auburn) would get a chance.

And of course Florida could actually play Michigan to decide who's #2. But I guess that makes too much sense...