I have been having a debate with my friend all day about the Cotton Bowl should be a BCS bowl when the current rotation ends after the 2013 season.
Take away the BCS status of the Fiesta Bowl for a moment. Which one is the more prestigious bowl? The Cotton has had a long, illustrious history going back to 1937 while the Fiesta is relatively young, created in 1971.
The Fiesta was orginally the bowl where the WAC champion got an automatic spot, while the Cotton was the SWC vs SEC for years and then when the SWC dissolved, it became the Big 12 who gets the bid to the Cotton.