If Alabama wins the BCS Championship, Notre Dame will probably be ranked Number Two.
If Notre Dame wins, then, with two defeats Alabama will likely fall to Number Three.
I suggest that Oregon, Stanford and even Texas A&M have a claim to the Number Two spot if Alabama falls. Since Oregon lost to Stanford, I think Stanford deserves the Three spot. Outside of the BCS, Ohio State is likely to be ranked Number Two in the AP Poll.
What wouldn't we give for a decent playoff system? Watching the Florida Gators embarrass themselves is further evidence that meaningless Bowl Games following a month of inactivity are not worth the money that the networks and fans put into them.
The FCS Championship, in which North Dakota State beat Sam Houston State was the culmination of a four week playoff bracket that resulted in an undisputed champion.