We have different definitions of good bowl games. You want to see the teams paired on some objective merit standard, I want to see the champions from the major conferences play each other in the Rose Bowl, Sugar Bowl, etc. I like the traditional conference tie-ins and matchups in the different bowls. I like knowing that if Texas has a good (9 wins or better) season, we're either going to the Fiesta, the Holiday, or the Cotton Bowl. That's more important to me.
And if you didn't reserve spots for non-AQs, they'd never have a chance to play in a big bowl. It's nearly impossible most seasons for a Fresno St. to get into the top-8 even if they run the table. If you don't have reserved spots for the AQs and the other spots reserved for non-AQs then the non-AQs would never get picked. The dollars will always point to a 10-2, 14th ranked Texas to take the at-large spot in the Sugar Bowl over any undefeated Boise, Utah, UCF, or Fresno St. I think if you're going to stick to a 12 game season and keep conferences (which is hugely important to me) then you have to tie those conferences into the big bowls.
I honestly think divisions are the most unfair method of organizing and finding a true champion. I like a round robin style, everyone plays everyone, at least to the best of the ability of what can be scheduled. How many times has a better ACC team get bumped to a crappy bowl. If you want better bowl games ditch the AQs.
I've already said I don't think finding a "true champion" is the most important goal of a college football season. It's making every conference and every rivalry and matchup as exciting and relevant as it can be.
And I can't recall a time in recent memory when the #2 or #3 team in the ACC got hosed out of a bowl or got "bumped to a crappy bowl" by an AQ conference champion (unless you're talking about the Big East or something, but again I wouldn't give an AQ to the BE or the AAC or whatever it is now). The ACC usually has, at most, two good teams, and rarely has had a team with a true shot at the BCSC. Has any ACC team besides Florida State ever truly had a shot at a BCS Championship game? Okay maybe Miami like a hundred years ago.
It's more likely that Alabama would record their only loss of the season at the SEC Championship in some fluke and then be stuck in the Peach Bowl while clearly inferior teams (for argument's sake let's say Texas and Fresno St.) get BCS Bowl games. Or you have the weird Texas-Oklahoma-TTU threesome from a few years ago where they had to go to a tiebreaker to decide which team would play in the Big-12 Championship, and all three teams were ranked in the top-5. And to that scenario I say tough--win your conference and you can play. Or more appropriately I say you don't have much of a gripe about being excluded from NC discussions when you didn't even win your conference.