First, has the ACC added in a championship game yet? I know the PAC-10 hasn't. Until they do, they would be excluded from my playoff system, so problem solved!
OK, more seriously, here's how it would work:
Take the conference champs, and the 4 highest ranked teams would be in (using some sort of BCS-like ranking system). That's it. Pretty simple. Can we wind up with 5-6 conference champs all winding up with the same W/L record? Sure, it's always possible. I wonder how often it's actually happened in the past, however.
What I would do would be to say that the 4 team system would be in effect for at least 5 years, because it's an easier thing to implement. Then it would be analyzed, to see if it would be a better system to allow the top 6 conference champs to play, by giving the top 2 teams a bye week. This will mean two more games (3 vs. 6, and 4 vs. 5), and then those games' winners would face #1 and #2 respectively.
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