Personally, I think the whole playoff/BCS whatever system needs to be scrapped. I know I'm going to come off as a homer in saying this but I think that OOC scheduling needs to be the thing that's tinkered with the most rather than the BCS. And here's why...
The debate this year has been between the Big 12 and SEC as the premiere conferences in the nation. But if you look at both of those conferences, they are littered with poor OOC game being scheduled early on in the season...
Tech Tech (9-0): Eastern Washington, @ Nevada, Southern Methodist, Massachusetts
Oklahoma State (8-1): @ Washington State, Houston, Missouri State, Troy
Texas (8-1): Florida Atlantic, @ UTEP, Arkansas, Rice
Missouri (7-2): Illinois, South Missouri State, Nevada, Buffalo
Oklahoma (8-1): Chattanooga, Cincinnati, @ Washington, TCU
Out of those 5 teams, they've played 20 OOC games, four away games and only 5 BCS-eligible teams. I haven't looked at all the SEC school but I think this gives an incredibly unfair advantage to have all of your "top teams" going into conference play undefeated. Also for BCS purposes, losses that occur now come from other one loss or undefeated teams.
Look what happened to Kansas last year! They played Central Michigan, Southeastern Louisiana, Toledo, and Florida International in OOC games and avoided Oklahoma, Texas, and Texas Tech while losing to their only quality opponent Missouri but still got an at-large berth.
I don't mean to beat up on the Big 12 because I think they have some very good teams this year but before we start trying to figure out the NC and BCS at large teams or scrapping that for a playoff, there has to be more focus on making the OOC schedules for each of these BCS conferences more similar.