I voted grad transfers...
I agree with ELA that I think the CFP is the start of a good thing. I've hashed out my reasoning for why you should either have a real playoff or a mythical "beauty pageant" national champion, but that the current 4-team playoff (and the 2-team BCS before that) isn't large enough to be a real playoff and still ends up being too subjective.
Likewise, I feel like a lot of the restrictions on players transferring are mostly along the lines of "we think X or Y might not be good for the sport, so we'll punish the players if they try to do it rather than the programs". I think the grad transfer rule helps to avoid that, even if it ends up having some of the ill effects that ELA mentions. After all, we want these players to be student athletes. Someone comes in, does exactly what we want them to do [graduate with a degree] and then we're going to restrict them from transferring when they want to further their education with grad school? That's completely contrary to what's best for the players, and hypocritical to boot. So I'm happy to see that one go.