It's true! The BCS has rejected eight-team and 16-team proposals, saying they would "diminish the regular season and harm the bowls," so in all likelihood we're looking at a four-team playoff when all is said and done. But hey, that still beats the current situation.
The BCS has made its' official announcement regarding the future of college football's playoff: two to seven four-team playoff plans will now be taken back to the conferences for further discussion. Two-team plans, eight-team plans and 16-team plans have been ruled out*. But the biggest news here is that a four-team playoff beginning in 2014 is all but unavoidable now.
There's still a lot that needs to be ironed out, like where to play the games and how to select the teams that make the playoffs, but now that the "status quo is off the table," it does not look like anything is going to get in the way of a new playoff format come 2014. It's about damn time.