I like most parts of the BCS. It takes away the human emotions of it all. If OU had lost to K-State at the beginning of the year, there's no doubt they'd be number one in the human polls, instead of USC. Both OU and LSU lost to ranked opponents. USC lost to unranked Cal. But because USC did that early in the year, and OU lost it's last game of the season, OU is 3rd, and USC is 1st.
I think Michigan will beat USC in the Rose Bowl. When that happens, there'll only be one #1 after the Sugar Bowl. I'm betting it's OU.