We could be headed to a split National Championship.
The AP currently had Texas over Oklahoma.
If Oklahoma narely beats the SEC champion in the MNC and Texas dominates Ohio St. in the Fiesta Bowl, the AP could easily vote Texas #1, while Oklahoma gets the BCS #1 slot.
Texas' best chance at being crowned national champion could be in hands of AP poll voters -- Newsday.com
A split title just doesn't have that much pull now that the AP pulled out of the BCS rankings. I think that it was more rebellious and respected when it still based its champion on its final polll, despite the BCS.
When they decided to pull out of the BCS, they loss the credibility to claim a champion at seasons end IMO.