I like the idea. We can get back to traditional rivalries and home gates will be improved. I also hate the idea of 2-8 or 3-7 teams going to the playoffs. Let's get real, a team with a record like that will be miserable playing a one seed in the first round.
The regular season will have more importance in this system. Every game. The way it is now, a coach can get his kids to work hard for two or three games and make the playoffs. Then the coach preaches "now its time to make a run!" Let's put the teams with the best regular seasons in the playoffs.