Peter and I have had some spirited disagreements about the 2nd wildcard so I won't rehash that here. But let's just say I think the opposite on this.
I think he is right with the last point though, the 2-3 format I believe is this year only. A complete timing issue.
Personally, I think the 2nd wild card is fool's gold. Having to win a 1-game playoff game against the other team's ace for the right to face the #1 seed (I agree with the idea that it's preposterous for them to be going 2-3, though) is a long-shot in the first degree.
In fact, I am very hopeful that the biggest outcome of the 2nd wild card is that teams will make decisions not on whether or not they will make the playoffs, but on whether or not they have a legitimate chance to win the division.
While the O's are a bit of an outlier in this respect because they haven't had a winning season in so long, in any other situation, I'd suggest that any non-Yankees AL East team should be selling and not buying because they have such a poor chance to win the division.