Is there any sort of charter or goal specified for the selection committee? This may seem like a dumb question but I don't think it is.
Are they punishing losses like is the tradition in college football? (Given, lately this has changed slightly when an SEC team is involved thus LSU making it to the title game with two losses over other BCS conference teams with one loss.)
Are they looking at the strength of a team at the end of the season? What if a team had a tremendous year but lost their QB prior to their last game and struggled with the backup in the last game against an inferior opponent?
Are they trying to find the best teams or the most deserving?
Obviously each member may have differing views on how the teams stack up but I'm hoping at least they all go into the process with a common goal. At this point I don't think we know what that goal is.
I just hope they don't break with the tradition in college football that it really is about the most deserving teams and teams are punished for losses. If they start excluding undefeated power conference teams and including one loss teams that they feel are better then I think there will be a huge problem.
As of right now it appears that if we win out we're in. You never have more than four undefeated power conference teams. In my opinion that should be a valid assumption for any power conference team but do we really know that that is the case?