I have to disagree because of what you see when two teams hit the field. Disregarding what happens before or after they kickoff, I think college football is one of the most exciting sports there is to watch. It's a team effort, can be won by an underdog, and would be very hard to shave points or otherwise manipulate outcomes.
The BCS, conferences, TV deals and whatnot and the exploitation of players is bullshit I'll grant you but when they tee it up and kick it off, there is little more exciting.