Agreed Medina, I don't think OSU should be punished whatsoever for losing three times to PSU. It just happens at times that some teams have the other's number and the whole body of work indicates that OSU is at minimum a Top 20 team, putting them on the 5 line in my opinion.
PSU just didn't get the upsets yesterday (thanks VaTech, what a bedwetting that was) to keep them alive. It's pretty much a done deal now. I myself would put PSU in over: ND, Louisville, Syracuse, OU, Okie St, Texas and Baylor, but I doubt the committee will think so. PSU just lacks that other definitive data point unfortunately.