----------
Wizzard Turbish is right that a growing majority of people want to disregard the electoral collegiate. I am not sure If I personally agree with it though. The system currently, though it is not perfect, does provide a great balance between the states.
----------
I didn't want to post this in the Obama thread, as it goes off topic, but the electoral college doesn't really put a balance between the states. Because of how the votes are distributed, some states have more than they should, while some have less. Since I live in New York, my vote actually counts for less than someone from, say, Wyoming, thus it actually imbalances the states.
This video explains it well.