Yes and no. I like that it is the closest thing to a balanced schedule you can get. First 14 games you play everyone in the conference once plus your travel partner twice. So pretty even across the board. Then final four games you play the teams you are directly competing in the final standings with. That is a pretty fair set up.
It also creates exciting, relatively evenly matched basketball top to bottom for the conference at the end of February and early March.
The negative is that it does not really do what it was put in place to do. Bonus play is probably more likely to eliminate a potential second NCAA bid for the conference than to produce one.
EDIT: For what it's worth, winning the conference tournament was going to be the only way into the NCAA for any CUSA team this year whether or not pod play existed.