Zinc's nailed it.
I like things as they are now, but I would still watch as much football with a playoff as without. I'm certainly not going to march in a parade of horribles that suggests CFB would lose any popularity with me personally.
But, I've researched this topic and I am not impressed with the scenarios I've seen as it concerns producing an exciting post season. Especially if playoff folks are hell bent on keeping the poll system to determine seeds. The rematches we'll get are several, and some of them (Like #2 OU v. # 7 TTU) weren't interesting the first time they played.
Likewise, and I thought of this on my way home, as for potential controversy, wjy couldn't an argument go like this
Say #2 Florida looses to #7 Miami of Florida, while #1 Ohio State kicks the hell out of #8 Utah. If it's based on the BCS ranking, don't we have the same problem? I mean, couldn't Florida argue "We should have been #1 going in, and if we drew Utah instead of Miami, we'd have won too!" I mean the difference between #1 and #2 would still be up to our pollsters and the computers, would it not?
The way I see it - we already have controversy, playoffs don't fix it. We already have a way to determine a champion, and a playoff doesn't make it any more (or less) legit. Our current system addresses mid majors and spreads the wealth, playoffs (in most cases) do not. (The cases which do address mid majors "fairly" produce snoozer games like USC v. Troy... who wants to see that?) The current system has demonstrated that the regular season is exciting and important. The proposed alternative comes with the risk that the importance of each game is reduced.
I'm unable, in this instance, to agree with a playoff scenario. The costs outweigh the benefits. I believe this view of mine is based on reason and not opinion. That's a big reason why I get so passionate about this argument.
All that said, Lordjeff's big make-over proposal is still probably the best alternative... or is at least the one I'd like most if we're to have a playoff. Cut the fat, kick out a bunch of teams, balance the schedules (more or less) and go from there.