Actually, none of this stuff really bothers me. I just want to watch two really good football teams play football [and if several bowls can create interesting match-ups, that's great.] Somebody's going to be named national champ and they'll be the only team well remembered for that season. If it's not ND [or, for me and my brothers, WVU or VA TECH], then I'll forget them, too.
On the other hand several hundreds of players will enjoy a lifetime of memories and telling whopper stories about how they blocked someone's butt off in the x______ bowl. If ND gets undefeated, we'll play for the big bragging right. If not, our guys will still be telling tales to their grandkids about the one they DID win.
Time is both a humbler of the emotions and an opportunity to sit back and revel in old glories [inflated or not]. I worry a LOT more about football being seriously changed by violent spinal injuries [and the rules-makers response to them] than minor issues like whether two, four, or eight teams should play for a mythical championship. But, let's win a few anyway. More fun that way, and less IE posters will jump off ledges during the season.