OK, trying to be as unbiased as possible, I honestly think this is how I'd do it:
1. Alabama
2. Washington
3. Clemson
4. Penn State
I know UW is not going to be #2, but if everything the committee keeps saying is true, then I do feel that's where they belong. They say that conference titles matter, eye test matter, SOS matters and that each week is its own week (that the previous weeks rankings mean nothing). I know OSU is one of the best 4 teams, but to me not winning the Big-10 championship as well as losing head to head to the team that did is more important if you are going to go by what the committee keeps emphasizing.
And why I put UW over Clemson is purely on the eye test. UW's only hiccup was against USC. Pretty much every other game (outside of Utah) was a blowout while Clemson has had more than their share of close games as well as a loss to an unranked team. Combine that with how each performed in their conference title games and that to me puts them above Clemson.
Here's what I feel like it will be:
1. Alabama
2. OSU
3. Clemson
4. Washington
Here's why it would be nice to see 6-8 teams. Outside of Alabama, you can make a strong case for Clemson, OSU, Michigan, Penn State, UW, USC and Oklahoma.