I will hold my vote until we get a couple years in, but right now I would disagree. Things weren't going back to the way they were and since the BCS... bowl games haven't mattered.
I will take the playoff over the BCS. Playoff leads to more teams being added which I think is what is needed.
Yes it legitimizes one more game (plus the championship so I guess two more games) but still funnels the purpose of the season into one bottle - the college football playoff.
Now there are LESS tie-ins to bowl games. Less rivalries between conferences. Less reason to showcase skills on television in January. Unless you're looking at the four teams in the playoff.
Sure, it's great for TV, determining the one true champion, and putting more emphasis on professionalism in college sports. But as for pageantry, rivalry, and tradition? It sucks.
I'm one that wants to go back to before the BCS and have polls and have two or three champions and not wonder if Alabama lost to Oklahoma because they had no reason to care (they did, it's the SEC's flagship bowl game and they should want to win it for conference pride). I want to watch the Rose Bowl and think it's the grandaddy of them all with two conferences engaging in football competition that started decades ago. I want to see Peach, Citrus, and Gator in front of the word "Bowl" and not "Meineke Car Care Bowl" and "Insight.com Bowl" and whatever other corporate sponsor has taken over.
That's just me though.