Exactly!
BCS sucked. Big time.
Playoff with 4 teams is better, but still a bit broken.
Eight teams, seeded, higher seeded team getting a home game in the first round.
That would be perfect...and is already overdue.
An 8 team playoff would be fantastic, but home games really aren't the best solution. The NCAA is already trying to keep the major bowls alive by making them part of the playoff, so stop rotating them and take the idea further.
Use the Rose, Sugar, Orange, and Fiesta Bowls as the quarterfinal round . You could even mostly preserve the traditional conference tie-ins, if you can tolerate match ups that aren't a perfectly seeded bracket.
Imagine last year looking like this:
Sugar - 1 Alabama vs. 8 Michigan State
Rose - 4 Ohio State vs. 3 Oregon
Fiesta - 5 TCU vs. 6 Baylor
Orange - 2 Florida State vs. 7 Mississippi State
Take these winners, reseed them, and determine a champ Final Four style at one of the bowl sites.
I think something like this is where things will end up, eventually.