Yup.
I do think the BCS got the 2 "better" resumes in the title game.
LSU plays in the toughest conference and loses 2 overtime games. I'd feel better if those losses had come to a little better teams than Kentucky and Arkansas - but - it's not like they lost to sub-par teams.
Ohio State, while playing in an average conference at best and having a cake non-conference schedule - they do just have the one loss. Hard to put someone in that has 2 losses ahead of them (I know you're undefeated Hawaii, but you play so late at night that no one sees you. Do you even exist? :skeptical

.
That doesn't go to say the BCS got it right. Teams rewarded for not losing their conference title games - because they didn't play in them. Conversely, teams penalizes for being the 2nd best in their conference. Going undefeated, even with a poor schedule, is virtually meaningless.
This year the title legitimately could go to anyone in the top 10 if allowed to be played out. I can't recall ever saying that before.
With the way CFB is headed though, I do think we could be saying that more often.
Get us a playoff dammit and "end" this controversy!