Meh, I'm fine without a playoff. Folks would just find something else to complain about (like when the first time an undefeated team ranked #5 gets left out.)
College football has the most exciting (and relevant) regular season in all of sports. As much as you all cry, you all tune in to many important games almost every week. No other sport offers that.
I know I sound like a Big 10 executive here but I can see why they did it, and I'm not surprised.
Just get over it.