I really hate arguments like this. Not many conferences have more than about 1/3 of thier teams that are that strong. The exception might be the SEC, and on occassion, the Big 11, Big 12, and Pac 10. People can argue that if these Mountain West, Conference USA, and other small conference teams had to play in the bigger conferences, they would not win as many games, but that is a baseless statement. If these schools played in those conferences with the same teams they have now that may be true. However, if they played in the bigger conferences, their recruiting and revenue situations would also improve, so who is to say how strong they would be?
Does Texas truly play quality competition for their level each week? How about Florida or Alabama this year? Did Ohio State, Iowa and Penn State play high-level competition each week?
I just think these other conferences need to be given a lot more credit than they are by the analysts and others. Fact so far this year is that 2 MWC teams have beaten 2 Pac 10 teams in bowls, and beaten them pretty convincingly. Wyoming beat a very good Fresno State team. The lower level teams in that conference this year were teams like UNLV (which ISU has not exactly dominated) and Colorado State (who had 3 wins this year, including one against Colorado).
The Mountain West deserves a lot more credit then they are getting, IMO. I would love to have seen TCU take on Florida, Texas, or Alabama. Instead, they get put against Boise State.....so no matter who wins, it won't mean much on the national scale. Pretty sad.
People still downplay Boise State too....which amazes me. Here is an undefeated team, who beat the Pac 10 conference champion Oregon handily (yes, make all the first game, blah, blah, blah excuses): a team (Oregon) that most are picking to beat the Big 10 conference champion.
Personally, I just think the whole BCS thing is nonsense. These schools from supposedly "lesser" conferences to me are embarrassing the big boys. That is why we are getting 2 undefeated teams in TCU and Boise against each other rather than playing someone from the BCS schools.