1. Alabama
2. Boise State
3. Florida
4. Ohio State
5. Texas
I really think the Big 10 has been getting the shaft this season regarding just how tough their conference and teams have been. Penn State, Ohio State, Wisconsin, and Iowa all won bowl games over highly ranked teams from power conferences. Northwestern, in one of the most exciting bowl games of the bowl season lost in OT to an SEC team by just three points.
I'm giving 2 loss Ohio State the fourth ranking over Texas because of a much much tougher schedule and a win in their last game.