my top 5
1) OSU (by default)
2) LSU (nod over VT due to head to head...same way it works in conferences)
3) VT (2 losses, both to #2 teams....highest SOS in the top 5)
4) OU
5) USC
i honestly still think LSU is the best in the country, they are severely beaten up right now which is why other SEC teams are getting shots at them. give them a month to heal up, they will be back to their august/september form which was SCARY, OSU doesn't stand a chance.
bottom line, you gotta win your conference championship to be seriously considered. i remember when nebraska went into the national championship at the rose bowl vs. miami....and they didnt even win their division yet alone their conference........they didnt even BELONG on the same field as miami.
if you want to start nullifying conference champships to put UGA/Kansas/Mizzo/Florida in....then whats the point? lets just go back to the bowl alliance instead of the BCS, and give Notre Dame a shot at the BCS every year regardless of how many losses they have...just b/c they are Notre Dame and are popular with the media.
in a +1 scenario......i honestly think it would boil down to the media rankings that are coming out today:
1) OSU
2) LSU
3) OU
4) USC
allot of teams would feel screwed in a +1 system (UGA, VT, Kansas, Mizzo, WVU)....therefore an 8 team playoff only sounds reasonable. if you go any higher than 8 teams....you are getting into teams that don't really stand a chance. in the 8 teams, take all the major conference champs (SEC, BIG12, BIG10, PAC10, ACC), then the other 3 are wild cards and will go to the human/media/computer rankings. this also leaves the door open for a mid-major cinderella...like Hawaii (i.e. George Mason in the final 4).
think about it, an 8 team playoff only consumes 2 weekends in December....then they can break for final exams and xmass.....and the top 2 can play a week after the other big time BCS bowl games. still gives plenty of time for the teams to prepare and fans to get plane flights and hotel rooms.
forget March Madness.......bring on December Delirium!