The way the playoff race is shaping up this could be the greatest CFP play-in for years to come. Think about how this sets up for each division:
SEC: #1 LSU vs. #4 Georgia
BIG10: #2 Ohio St. vs. #8 Minnisota
PAC12: #6 Oregon vs. #7 Utah
Big12: #10 Oklahoma vs. #13 Baylor
ACC: #3 Clemson…
I know there will undoubtedly be some shifts in these standings (Oklahoma and Baylor will play before the championship, and Minnisota has a tough road), but the potential is huge. If the committee is lucky they won’t have to make many difficult decisions because half the standings will be directly eliminated in the conference title games. This could be an absolutely awesome set up if it played out just right.
Without significant chaos to the other divisions I think it would be a travesty to have Alabama make the playoffs under these circumstances. What conference can you justify leaving out? Also, if Clemson lost and eliminated themselves that would be a gift to the rest of the country as well. Probably too much to hope for though.
My prediction is that it plays out that the SEC champion, Clemson, and BIG10 champion are all in, with the final spot being decided between the PAC12 and Big12 champions based on style points gained. I think if the committee follows this it would be difficulty to argue anything beyond seeding. They totally blow it if they try to put 2 from a conference in without some serious chaos occurring over the next 4 weeks.