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I used to hate the idea of an expanded playoffs, being somewhat of a traditionalist (I used to enjoy the fact that fans could debate who the NC was during the offseason) but I have come around. I now think it will be as entertaining as hell. And you are right, with a long tough schedule almost...
The change in schedule strength calculations a few days ago was designed to force the SEC's hand. The formula change would have screwed them if they stayed at 8 conference games. Going to 9 doesn't give them an advantage under the new rule because everyone will factor that in when they schedule...
It isn't stupid. It would be entertaining.
FBS is now split into two sections in terms of rule-making authority by vote of the membership. Litigation would go nowhere now, IMO.
Not sure what the grounds would be for a conference to sue because their champion wasn't selected for the CFB? Why couldn't they then also sue then because no one was interested in paying their conference the same for media rights as the B1G or the SEC? What would keep the P4 from simply going...
The same standard would eliminate at least 2/3s of March Madness teams.
I think there is something to be said for both giving these teams a chance to show how far they can go and for making the favorites run a gauntlet of highly motivated good teams to prove they both have the killer instinct...