I completely agree. I watch way more meaningless bowl games than I'd like to admit.
If you wanted to cut down the number of bowl games, though, I would think there is an easy fix. Someone correct me if I'm wrong or way off base, but I just think the minimum sponsorship requirement to get a bowl game needs to be upped. You know when companies like Beef O'Brady's and uDrove (or uDrive, or whatever it is) are getting bowl games, you might need to raise the standards. I think there would be two benefits. First, you might cut out some of the smaller bowls that consistently struggle with attendance and interest. Second, you can raise the payouts given to the participating schools. Schools shouldn't lose money just because they sent their team to a bowl game, but it happens.