Not bad.
The reason playoffs are so great is that anything can happen, and you always have teams that run hot and cold: top ranked teams that peak too early, and darkhorse teams that come on strong late in the year. That's what makes the NCAA basketball tournament so special.
Division 1A could have a great tournament. I would love to see a red hot team, like Auburn or Utah were last year, compete in a tournament for the title against the likes of USC, Texas, or whoever else will be in contention late in the year. Greed will not allow this: the greed of the major conferences and the bowl system. They can give us the "sanctity of the bowl games" rhetoric all they want, but it all comes down to money. I hear from ADs or SIDs that they fear the fans wouldn't spend big money to attend a game if it were 'meaningless'. Sorry to break the news to you folks, but nobody cares who the Las Vegas Bowl "champion" is. The only champion we want to see is a true national champion. That said, I am a realist, and I know this will remain a fantasy for the reasons I've stated.