Personally, I thought USC was going to get throttled by OU. USC had their share of narrow victories (down for 3 quarters to the Beavers), whereas OU seemed solid (shut out of Texas). But, yeah, that was a mismatch and a slaughter! But I'll be the first to admit I don't follow things in much detail.
Also, I'll have fess up that in some ways I like the pre-BCS system. I thought there was something sort of nice about the traditional bowl system - even if a clear national champion wasn't established. But hey, I bought a cassette 4-track the other day and am clearly out of synch with the times!