It's become an issue in Washington now. It's a small issue, but one near and dear to my heart. I was a junior at Penn State the year that we went undefeated, and ended up number two. That year Nebraska, as usual running up scores on a long string of nobodies, was coached by Tom Osborne, who had never won a championship and made everyone feel sorry for him. Inexplicably, mid-season, Nebraska passed us in the polls, and ended up #1, all thanks to the soft-hearted voters of the BCS system.
(The Onion had a really funny piece about the BCS issue also.)
As much as I would love to see the BCS system in smoking ruins, and their families shamed for generations, I can't support government interference to make it happen. The bottom line is that college football is not a government agency. It is not a guaranteed public good or a commons. Government has no business getting involved in this matter. It's up to the colleges to decide - and us, the fans, as customers in a free market, by voting with our wallets and our TV viewing habits.