So the differences between the BCS and the "College Football Playoff" are:
1-The playoff isn't called the BCS, which let the parties involved renegotiate their sponsorship deals.
2-The playoff involves 4 teams instead of 2, though once again the participating teams will be chosen by an arcane illogical process superficially disguised as "scientific".
The similarities are:
1-Once again, most of the post-season bowls are immediately made irrelevant.
2-Very, very few schools have an actual shot at getting anywhere close to the "meaningful" games.
3-The scenario is carefully constructed to make sure that only teams from the approved power conferences have a hope in hell of sniffing the big money or playing for meaningful stakes.
4-There is a meaningless provision to give a well-publicized consolation prize to the uncool kids
5-Alabama is pretty much reserved a spot regardless.
So let's call a moratorium on all the "Hooray, the BCS is dead!" nonsense. Say hello to the new boss, same as the old boss.