We're going to go with a 6-team playoff--because that's the only one on Yahoo! that has a consolation bracket. Here's the skinny by seed:
#1 - Bye Week, gets lowest seed opponent in round two.
#2 - Bye Week, gets other opponent.
#3 - Faces #6 in opening Round
#4 - Faces #5 in opening round.
#7 - Bye, lowest seed opponent second round
#8 - Bye
#9 - Faces #12 in opening
#10 - Faces #11 in opening
3rd Place Game -- Losers of Round 2 playoffs battle in Round 3
5th Place Game -- Losers of playing openers battle in Round 2
7th Place Game -- Consolation Finals
9th Place Game -- Same as 3rd Place, but for Consolation
11th Place Game -- Same as 5th Place, but for Consolation.
The two division winners are guaranteed spots, but not necessarily a seed. Seeds will be based on overall record and the playoffs don't give a damn what division you were in.
Edit: Oh, and if we play again next year, the playoff teams will be on Raw and the Consolation teams will be on Smackdown--A Show, Mutha*****!