I'm bummed about the precedent it sets. It sets in stone the lack of need to win either your division or conference to get in. It sets in stone that it's fine to play a pretty darned light schedule if the perception of your conference is high. It sets in stone that late season games against D1-AA teams is fine. If you are in the SEC, that is. When other schools do the same thing, including having a late loss, the opposite applies.
Kind of sucks what makes college football more fun to spend money on out of the game.