Shit like this is exactly why we need a playoff. Nobody knows what would happen. It seems like every national title game has a team that is a dead on stone cold lock to win and nobody gives the other team a chance to win.
2002 Miami was a team full of NFL players who were going to wipe the field with the "slow and overrated" Ohio State who struggled to defeat every opponent they played. Ohio State won.
2004 Oklahoma is supposed to be the greatest team ever led by all-everything freshman Adrian Peterson and returning Heisman winner Jason White, they proceed to get assraped by USC in the title game.
2005 USC is the new greatest team ever with the greatest offense ever. They get beat by Texas.
2006 Boise State over Oklahoma and Florida over Ohio State, both teams weren't given a chance in hell of winning by any fans or anyone in the media.
I realize Boise State is a lot less likely to pull off the upset than teams I listed from previous years, but we don't know - maybe they would. We'll never know though, because this system is a piece of shit.
Who besides you know who thought Oklahoma was the greatest team ever? Oklahoma was picked by more people, but it was hardly a monumental upset.