I agree that it's absurd that we have enough bowls to need to dip down to 5-7 teams to fill all the slots, but bowls are big business, and they're not something that the various organizers and sponsors involved are going to pour time and money into only to possibly have to cancel if there aren't enough teams that finish 6-6 or better. Perhaps the NCAA could theoretically limit the number of them going forward (but they won't, because somehow these things still make money), but I wouldn't expect anyone to cancel something like this that's already organized.
I also definitely don't blame Minnesota or Nebraska for taking bowl bids. I wish we had the opportunity to accept one. It's not about the pointless game itself -- it's about the fact that you get more practices with a bowl game than you do in regular spring practices. We could really use that opportunity for player development.
Edit: Scooped.