As awesome as you guys think college basketball was in the 90's, you can only imagine the 80s!
Imagine someone like Patrick Ewing dominating for FOUR years!
Go back and look at the rosters of Big East teams circa 1984 and they are littered with NBA Hall of Famers. Ewing and Sleepy Floyd at Georgetown, Chris Mullen and Mark Jackson at St Johns, the list goes on and on. I didn't start watching college ball until 88 but just learning about the history was so fascinating.
Now we're watching a generation who didn't go to college, the Kobe's, Garnetts etc. The one and done rule isn't going to bring back the glory days of seasoned vets dominating though. The best players will still make only a customary appearance in the ncaa ranks, at best. Some have started to play in Europe for a year (or you can play in the NBDL too.) College basketball has as such been relegated to a somewhat regional sport, and definitely only matters in March.
I think that's what scares College Football, that if they move to a tournament that the regular season will be nearly as meaningless as college basketball. That won't happen though, it will lose some of it's cache but with even an 8 team playoff people will maintain interest in the season with that few of openings.
In college basketball so many teams make the tournament, and so many teams lose their stars that it's hard to keep track of anyone but your favorite teams. The regular season just isn't a draw for most sports fans, that's sad to me as a college basketball fan but it's the truth.