The worst discussion we have every year is "the committee is telling us this" or "you have to do this".
Is the #1 thing "don't lose twice". If Auburn had beaten Georgia yesterday then they'd probably not only be in, but be the #1 OVERALL SEED despite having two losses, based on the strength of their wins and losses. So saying strong wins/losses don't matter and number of losses is all that counts is absurd. Like I said, if OU had lost to Iowa instead of OSU they'd both be in and we'd be sitting here talking about how scheduling strong OOC games is all that matters.
That's the thing with all of this. It's all fluid. There are a ton of variables and they all line up differently every year, so they're all going to matter more or less every year just based on how the results pan out and compare to each other, not to mention the changing members of the committee.
Trying to peg things down into "I guess conference championships don't matter" because a conference champ didn't make it or "I guess only losses matter" because it worked out that the teams with more losses didn't make it this year (like I said, we could have just as easily had a 2-loss team as the #1 overall seed this year) is just results based bunk. Remember when we were all convinced that conference titles were THE most important thing because the big 12 teams got left out that year they didn't have a conference champion when there were 6 teams with very similar resumes? Now people are just as convinced that conference titles are irrelevant. The same goes for strong out of conference games, as teams have been punished for not scheduling those previously as well.
These things are all just one variable in a sea of many that will have varying degrees of importance based on how the teams finish and have the current year's committee values that. I don't know why everyone is suddenly clamoring for some defined algorithm of "you have to have this and you can't have this". We had that, it was called the BCS and everyone hated it. So now we have a committee of people trying to objectively pick the 4 best teams using a whole sea of variables that may be more important one year than the next because of how things shake out. I agree that Alabama shouldn't have gotten in this year and I don't think they would have if their name wasn't Alabama, so I think that's a failure in objectivity by the committee but that is going to happen regardless (in every proposed system people have suggested the last team in is an objective choice, just as it was here).