No BCS? Old way not much better for college football landscape

We heard the threats loud and clear from Nebraska Chancellor Harvey Perlman at the BCS congressional hearing this week: If you don’t like the BCS, then we’ll just go back to the old way of doing business.
You know, with conference tie-ins, matchups decided before the regular season ends and no guarantees of a 1-vs.-2 matchup. Though the scenario is highly unlikely, I began wondering what the past bowl season would have looked like without the BCS.
There would have been no Gators vs. Oklahoma, that’s for sure. So without No. 1 vs. No. 2, the national champion most certainly would have been disputed, with four one-loss teams and undefeated Utah all vying for the crown, and trying to run up the score in their bowl games to impress the voters.

Here is my guess at potential matchups: