Big 12 has to be taking the biggest hit going into next year. Assuming OU gets trucked tonight that leaves just OSU as a power team left to show anything in the Cotton bowl vs. Missou. That one is probably a coinflip.
The playoff system is going to really punish teams not ranked high to start the year (Roughly top 12 is the estimate) that do not go undefeated. At this point it will be a stretch to see more than one Big12 team in there to start off 2013.
Even Texas who just gets in the preseason bowl usually because of their name might even get left off this time around.
I think ultimately the members start screaming for a 12 team two division non round-robin by the end of '14. It's just a matter of which two teams they can pull in.
Where'd you find this? I've heard nothing official of the criteria the committee is going to use and all the unofficial rumors suggest they are moving away from the polls. They may have a small influence but resume is said to be a significant factor.
There's nothing official about the system, but if the committee is really there to sift between the 1-loss teams (And yes, they are) they have to go with some sort of criteria of judging which loss was "worst".
I think it would be hard for them to find a way to squeeze in a 1-loss team whose consensus is they are well ahead of their peers.
To this end the Big 12 is at a huge disadvantage with no conf. champ game. No way to put a last bullet point on a marginal-ish resume.