Jon- Regardless of whether Oklahoma or K. State won on Saturday, the BCS standings would still be the same. Oklahoma would be in 1st, LSU in 2nd, and $C in 3rd. The deciding factor in $C's drop to 3rd was Notre Dame losing to Syracuse, hurting $C's strength of schedule/quality win, as well as Hawaii losing to Boise State, also affecting their strength of schedule/quality of win.
$C can still win "half" of the national title if the AP votes for them after the Rose Bowl. I do agree that the BCS sucks. I have dubbed it the "Bloody Crappy System" its a lot like the electoral college if you think about it, since the popular vote doesnt always win.
[edit] since Kristy has been pestering me for hours (well, not quite

) Im going to have to give her credit for coming up with "Bloody" to go with my "Crappy System"
Cory