I'm not going to comment on how good or not good OSU is (personally I think they are a solid team). However, I sincerely hope the committee sets a precedent this year that punishes teams (like OSU) that play in a weak conference and then schedules incredibly weak OOC games. I'm not going to blame OSU for their conference (bc that's out of their control) but I will blame them for scheduling 4 awful OOC games (3 of those at home) and losing one of those games. I cannot look past that no matter how good OSU is in their conference schedule.
If you want to schedule weak OOC games, fine, but your conference schedule better make up for it (like Miss St or Arizona). Otherwise, you should be severely punished in the committees eyes. I'll give FSU a ton of credit because they made a sincere effort to schedule big boy games. Although their schedule didn't turn out as strong as we expected, at least they tried with Florida, OkSt, and Notre Dame. To me, I will reward their effort and that makes up for being in a weak conference like the ACC.
For the sake of college football and fans getting to watch interesting games, they cannot reward teams that schedule such trash games OOC and play in bad conferences. All you are doing is incentivizing teams to not schedule tough games. On top of that, the one top-50 team OSU did schedule OOC, they still lost to at home, then ran the table in the weakest conference in the country while not playing a tough game until week #9.
What other schools can literally play no tough game until week #9 (thus giving themselves 9 weeks to improve as a team and "find themselves"), still lose one of those games at home, then show up for their 1st legit game in week #9, win, and be considered a top-4 team? Every Pac-12, Big-12, and SEC school doesn't get that same luxury. Hell, neither did Wisconsin.
I think Wisconsin is more deserving than OSU (not because I think they are better) but because they at least scheduled a great OOC game to start the season. OSU would have lost that game to LSU to start the year also. At least Wisconsin's losses are to 1 good team (neutral site) and another loss on the road by 6 points. If they scheduled like OSU, they'd have only road 1 loss to this point.