Like the fact they took the CFP ranking out of it. While I get that to a degree (if one team has clearly been better even if records basically the same, this is a way to give a small nudge), I hate using national ranking systems for conference ranking purposes.
One thing I think should be added would be to go back to an old rule for the final tie-breaker instead of random draw. Team who has not been to the Rose Bowl in the longest time wins the tie breaker. That was a conference tie breaker until sometime in the last decade (even if way down the list), and for history sake, it's a good one that will never be used (and if it is, is no less far than random draw).