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.....In the current system, things are based on poll opinions. ........
That is it exactly. The book "Study Hall" brings up how the BCS rankings were done and how when computer algorithms came up with rankings which didn't agree with popular opinion, the computer algorithms were watered down or de-emphasized. We need something more like the basketball ranking which is simple and based on how well your opponent has done.
But having it be based on arbitrary opinions is optimum if you want to maximize interest and discussion (and revenue).
Finally, I understand your opinion on Cinderellas. For me, I couldn't tell you has won the last couple of NCAAs and might only remember if it had been a Jimmy V type run. Again, unless you go to the 7 game series, you really are only finding out who is playing best at the time. Thus having conference champs makes sense to weed out a lot of the late bloomers.
Edit: I took out the comment that FSU wouldn't be in the top 4 by statistical systems since JHowell has them at #4 (barely). Other systems like Football Outsiders look at don't have FSU that high - like #8.
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