Well, there's a term I occasionally throw around here and that's "playoff zombies". The idea is that most sports not only have playoffs, but automatic criteria for those playoffs. A lot of people like this because they don't have to think. It's automated and they mindlessly agree with the results. This produces some really ridiculous results though. For instance in the NFL there have been teams with losing records in the playoff. There was a team that went undefeated all the way to the Super Bowl, and they lost to the Giants. So, the 10-6 Giants (regular season) were "champions" and the 16-0 Patriots who in fact beat the Giants earlier were not. Now, this produces a automated result right? It also makes the regular season a farce. In a lot of sports the regular season is just for seeding.
Now, two major things going on in college football. One is that for the longest time champions were just voted on. This was controversial, but it also means that only really good regular season teams could be champion. For instance I'm not aware of a 3 loss team ever being named champion. The other is that conferences did their own thing entirely. This isn't something the NCAA chooses, or the playoff committee chooses, conferences are not created equal, nor is their method for choosing champions. So, in terms of the championship it should become almost meaningless. For instance in 2011, the best team was clearly Alabama. Yet, they didn't even win their division. An argument could be made that not only did that division (not just conference) have the two best teams, their third best team was pretty darn good as well. With this sort of imbalance, you can't really fixate on division or conference champs. A game can be won or lost on a single play, the entire regular season needs to be the determining factor.
Why? It's just one result of many. Penn State beat Ohio State and lost to Michigan. Ohio State lost to Penn State and beat Michigan. What sort of logical conclusion can you reach from that alone? Not much. So then you have the rest of the season to take a look at...