Current regular season schedules, conference championship games and bowl games remain intact.
Current ranking system gets revamped. I'd say give the official poll back to the AP. Also, this poll won't be released until week 4 of the season. No more official pre season rankings. We'll let the athlons, phil steele's etc create excitement with their previews, predictions and rankings.
At the end of final regular season/confernce championship weekend (Dec 3), the top 4 teams in the AP will be selected for the Final Four. The two Final Four matchups will be played Dec 10 at the site of the higher seeded team. There will be no special requirements for these 4 teams (such as conference champions). If all 4 top ranked teams just happen to come from the same conference then all 4 will be in the final four.
The top bowl games will go back to their traditional set ups. Rose will be Pac 12/Big 10, etc. The bowl games will also return to more traditional dates. Jan 1st will feature the Cotton Bowl, Capital One Bowl, Rose Bowl, Orange Bowl, Fiesta Bowl and Sugar Bowl. All of the other Bowl Games will be played prior to Jan 1.
The national Championship game will be played 1 week later, at a site that is rotated between Pasadena, Phoenix, Dallas, New Orleans and Miami.