BCS Compatible Top 50

These ratings don't include margin of victory.  To generate these ratings all games are assumed to be won by the same score.  Interestingly, the score itself doesn't matter, and both points line and power ratings generate the same MOV free ratings.
As of 12-4-10:

Rank Team W L Rating SOS
1 Auburn 13 0 28.79 7.19
2 Oklahoma 11 2 26.64 10.2
3 Oregon 12 0 25.78 6.44
4 Stanford 11 1 23.58 7.43
5 Missouri 10 2 22.9 9.09
6 TCU 12 0 21.99 5.49
7 Texas A&M 9 3 20.16 10.08
8 Oklahoma St 10 2 19.65 7.8
9 LSU 10 2 19.33 7.67
10 Boise St 11 1 19.26 6.06
11 Arkansas 10 2 18.77 7.44
12 Nevada 12 1 17.88 5.53
13 Ohio State 11 1 17.69 5.57
14 Michigan St 11 1 17.32 5.45
15 Nebraska 10 3 17.06 8.08
16 Wisconsin 11 1 16.59 5.22
17 Virginia Tech 11 2 14.86 5.69
18 Alabama 9 3 14.86 7.43
19 Utah 10 2 14.69 5.83
20 South Carolina 9 4 12.97 7.61
21 Florida St 9 4 12.06 7.08
22 Southern Cal 8 5 11.29 8.2
23 Texas Tech 7 5 10.84 8.6
24 Hawai`i 10 3 10.82 5.12
25 Notre Dame 7 5 10.63 8.44
26 Baylor 7 5 9.95 7.89
27 Mississippi St 8 4 9.83 6.19
28 West Virginia 9 3 9.75 4.87
29 Air Force 8 4 9.75 6.14
30 Arizona 7 5 9.61 7.63
31 Florida 7 5 9.54 7.57
32 Washington 6 6 9.31 9.31
33 North Carolina St 8 4 9.23 5.81
34 Kansas St 7 5 9.17 7.27
35 Michigan 7 5 8.87 7.04
36 Navy 8 3 8.85 4.71
37 Fresno St 8 4 8.81 5.55
38 San Diego St 8 4 8.63 5.44
39 Tulsa 9 3 8.41 4.2
40 North Carolina 7 5 8.26 6.56
41 Oregon St 5 7 8.16 10.28
42 Penn State 7 5 8.06 6.39
43 Iowa 7 5 8.01 6.35
44 Miami FL 7 5 7.95 6.31
45 Maryland 8 4 7.92 4.99
46 NW Missouri St 12 1 7.91 2.45
47 Arizona St 6 6 7.88 7.88
48 Iowa St 5 7 7.67 9.66
49 Central Florida 10 3 7.62 3.61
50 Colorado 5 7 7.6 9.58