Were you listening to Mike and Mike this morning?
Assuming you were not, they had this conversation today. One of their college football analysts/insiders predicted that a one loss big 12 team and a one loss SEC team both trump and undefeated big east team, namely Cincinnati
Personally, (probably with some bias) I think that is how it should be. Both the Big 12 and the SEC level competition dwarfs thats of the Big East.
Is it fair to Cinci? Probably not. But such is life under the BCS.