Exactley but it's not quite as bad, with the BCS a team can go undefeated and still not get their rightful shot at the title. But with this system the #9 team in the country will be on the outside looking in. Which team would you prefer be screwed over. An undefeated or one loss major or small conference team, or a 2-3 loss one?
If Ball St. would have gone undefeated last year the very well might not have been in the top 8, but do you seriously think they deserved a shot at the title? People look for some form of consistency from a team before they are taken seriously, last year was the first year Ball St. was impressive this decade.
They aren't creating gripes they are essentially transferring them. Would rather have a #3 or #4 team that was a few votes away from being a top 2 team get screwed or some #9-10 team that would be hard pressed to make a BCS bowl game get screwed? When it comes down to it someone will probably get screwed, I would just rather have it be a team barely scratching the top 10.
I have admitted NUMEROUS times that the playoff system isn't perfect, I just think it keeps some really really quality teams from getting boned.