As for the devaluing of conference championship games. Every other team in 2 years that lost its conference championship dropped in the rankings. The only one that didn't was Alabama. You know the one that got beaten by 21 points and was never in the game.
Also, the semi-finals last year had 2 teams that lost the conference championship and 2 teams that didn't even play for a conference championship. Not a single conference champion made the semis and the national champion didn't even play for the Big Ten title and had the extra playoff game (same for the independent it played in the title game).
Ohio State is the betting favorite this year and obviously did not win the Big Ten and Oregon is 4th who didn't even play in the game. A&M and Ole Miss are 6th and 7th (Miami is 8th) and like Oregon weren't in a CC game.
The ACC wouldn't have created this mess if they didn't have a stupid tiebreaker (if the ACC had the same tiebreaker system as the American, Miami would have played Virginia). Then, had Miami won, all 3 teams would have been in and no controversy at all.
So the sport itself devalued the CC with dumb rules or teams winning the title that didn't even qualify for a CC.
I say this because the CC should be treated like just another game, which is what the committee has done every other time (heck they didn't even move Georgia or TTech, both conference champs, ahead of Ohio State, not a conference champ). The only time in the 2 years playing for a conference championship mattered was this year and then only for Alabama.