I have a solution for the non-BCS schools to participate in a BCS bowl, along with aligning themselves with regional co-horts:
Create three conferences from the MWC, WAC, C-USA, and the Big East leftovers. Together these conferences have 35 football playing schools. Add Navy and you have 36. Divide those 36 into three 'super-regions' and add one more BSC bowl (perferably the Cotton). Then you have the champions of two of those conferences meet in the Cotton Bowl and the other one take an at-large bid in one of the other four BCS bowls. That participate is chosen as the 'conference championship game winner' with the best BCS ranking. That way, all of the schools currently left out of the BSC still have a shot and all three of these conferences get a part of the BCS money. They have a lttle clout right now while the Big East still has a bid, but that will go away soon if we don't press for it now! If they don't let us have it, we don't schedule any BSC teams leaving them to fight over having to play Sunbelt, MAC, 1-AA schools etc....By allowing our teams to participate, they put off any renewed interest in a playoff for some time!
I would divide the teams like this:
West
BYU
Utah
Hawaii
Fresno
Boise
San Diego
Wyoming
Colorado St
Nevada
Air Force
San Jose
UNLV
South
Tech
SMU
TCU
Tulsa
UTEP
Tulane
Houston
Rice
So Miss
Memphis
UAB
New Mexico
East
Louisville
Cincy
Syracuse
Boston College
Conn
Rutgers
Navy
Army
E Carolina
So Fla
W Va
Pitt
Each one of these conferences divides up into two regions with a championship game. Another by-product would be to have a school from each of the other conferences pair up with a school from the third conference to create a home/home scheduling deal, assuring that all of the teams have the 5 home games every year. That way each school could have 8 conference games and two OOC games with a 'big money game' as your 11th, if you need it.
You also shouldn't have to worry about the basketball coupons that the current conferences share, if they all agree to split them initially and gain more for the future. In basketball you have three tie-ins to the 64 automatically giving up one (which would be a draw-back) but leaving another opportunity for an at-large.
This plan is too simple to work. 'Great minds' would screw it up!
DFIH(a not so great mind)