Here is how I would order the teams:

1) Undefeated SEC Champion

2) Undefeated Texas

3) Undefeated Cincinnati

4) Undefeated Iowa

5) Undefeated Boise State

6) One loss SEC Champ

7) One loss Texas that wins the Big 12

One loss USC

Contrary to what the ESPN analysts say, I think an undefeated Cincy, Iowa, or Boise St (this is iffy tho) gets in over a 1 loss SEC champ, 1 loss Texas big 12 champ, or 1 loss USC.  Only time will tell.