I think it would have been an even greater injustice for Florida than it is now for Michigan. The purpose of the BCS is to produce a championship game to determine a National Champion. If you had a playoff format with four teams one of those teams would have had to play tOSU. Michigan had a shot at the National Championship and lost. Some say that Florida shouldn't have moved above Michigan because Michigan didn't play and had been #2. BUT Florida did beat Florida State AT Florida State and then beat an EXCELLENT Arkansas team with McFadden in the SEC championship while Michigan was idle. Florida BEAT the #4 team in the nation (LSU) and their only loss is AT the #10 team's stadium. They played the TOUGHEST schedule in the country.
Michigan's biggest downfall was their weak schedule. They played 3 teams ranked in the Top 25 and finished with a 2-1 record. One of the teams they defeated was Wisconsin which played only ONE team in the Top 25 and LOST. The biggest knock on Florida is that they have ESCAPED several times.
All in all, I think that the BCS worked. They should tweak the requirements for the National Championship Game to only include Conference Champions. IMO it would have been a far greater travesty to not allow SEC champion Florida to play in the championship and let Michigan in.
Michigan's biggest downfall was their weak schedule. They played 3 teams ranked in the Top 25 and finished with a 2-1 record. One of the teams they defeated was Wisconsin which played only ONE team in the Top 25 and LOST. The biggest knock on Florida is that they have ESCAPED several times.
All in all, I think that the BCS worked. They should tweak the requirements for the National Championship Game to only include Conference Champions. IMO it would have been a far greater travesty to not allow SEC champion Florida to play in the championship and let Michigan in.