This deepens my reservations about our commitment to this sport.
Why? What does this change from the past, say, 50 years?
I agree with Mike. Today, with the modern bowl structure we have 0% chance of "playing" for the national championship due to the current bowl assignments and the MAC bowl tie ins. However we could be considered, albeit with a 0% chance, for the National Championship in the final polls. (if you aren't in the BCS title game, you aren't going to be the national champion)
Under the new program, if a MAC team goes 13-0, at least the committee has an opportunity to choose a MAC team to play in the playoff, which is the only way you could be considered for the title in the current or the future scenario anyway.
Then it just boils down to if you prefer hoops (and the prevailing sentiment of a National Title being the Holy Grail and "everyone gets to play for the title" mindset) or FB and your perception of the ROI for the two sports. And most of us here will never agree on that topic.
Seemingly, through all the conference swapping the last few years, colleges and their AD's believe that FB drives the bus, as most of the power conference moves have been made in order to maximize revenues from the FB TV packages and exposure, and not hoops. (although there have been some purely BB driven decisions in the mid majors) Not to say that FB is better than hoops, but those in the "power conferences" regularly come down on the side of FB when they are deciding with what conference they will align, and they are the ones getting paid to make those decisions.
In all practicality, I think this is a non event for the MAC, however it may slightly improve our ability to recruit against anyone not in the Big Tenleven, PAC12, SEC and Big Twelnineten, since the remaining conferences are no longer AQ and no longer have a straight line to the playoff.