Some would argue that Oklahoma's wins over Texas Tech and Oklahoma State at the end of the year shows that they are a better side. However just because those results are fresh in the mind does it really mean they should leapfrog Texas and play Missouri in the Big 12 Title game?
I've ended the last two paragraphs with question marks – how rare.
Anyway – I don't. I look at the two losses they had. Texas lost to Texas Tech on a last play miracle catch, spin and run into the end zone. They had beaten Oklahoma (#1), Missouri (#11) and Oklahoma State (#6) on the spin before going into Lubbock and losing on that play. It was a brutal schedule and even losing a game you had to like them the rest of the way.
The win over Oklahoma was on a neutral site whereas Oklahoma's win over Texas Tech was at home. Texas Tech were mauled by Oklahoma yes but they were always a fraud and this was their first trip to a ranked team all season long. The fact that in one swift loss they have dropped all the way from the BCS Championship Game all the way down to the Cotton Bowl says a lot.
So it was really a straight shoot-out between Texas and Oklahoma for that spot in the Big 12 Title Game and they have already played each other on a neutral site. Surely that should be the ultimate deciding factor? Texas' 45-35 win over then #1 Oklahoma was very impressive and remember Oklahoma have not beaten a #1 ranked team (Texas Tech were #2 when they played).
The whole BCS has always been a bone for much contention and this year is no different. If you had an eight-team play-off then both Oklahoma and Texas would get in but possibly Florida would not if they lost to Alabama. So you have to work out if winning your BCS conference should lead to an automatic play-off spot (look at the ACC and Big East) and say that if the winner wasn't ranked in the top 16 then you could give that spot to an at-large.
If this was the case then you would see Penn State, USC, Oklahoma, Texas, Florida, Alabama, Utah and then Ohio State or Boise State is an eight-team play-off. Sounds good doesn't it?