Here's the formula
Sugar Bowl - #1 vs #2 (SEC Affl.)
Orange Bowl - ACC/Big East Champions
Rose Bowl - Big 10/Pac 10 Champions
Fiesta Bowl - Big 12 Champion
With that in mind, my picks for now are (will change if we see any upsets):
Sugar Bowl - OU vs. USC (I don't think USC is a good choice but they're lucky that they lost early)
Orange Bowl - FSU vs. VT (I think VT and Miami will tie for Big East record, but with a head to head comparison, VT is going to be the champion of the Big East)
Rose Bowl - Michigan vs. Miami (Rose bowl likes to stick with traditional Big 10/pac 10 affiliation, and since OU is going to the Sugar Bowl, they could pick either LSU, OSU, Miami. I think Miami would be the one)
Fiesta Bowl - OSU vs. LSU (Since Big 12 is going to Sugar bowl, they'll get the SEC Champion and an at-large bid, which will be OSU)
Texas in theory could move up in the polls if OSU falls again, Texas will put themselves in the Fiesta Bowl.
I don't see TCU in any of the BCS even if they're undefeated. I don't know which bowls get to pick first this year so I didn't take that into account.
Also watch for Pitt. vs VT and Miami that'd eliminate them from the BCS.
Sugar Bowl - #1 vs #2 (SEC Affl.)
Orange Bowl - ACC/Big East Champions
Rose Bowl - Big 10/Pac 10 Champions
Fiesta Bowl - Big 12 Champion
With that in mind, my picks for now are (will change if we see any upsets):
Sugar Bowl - OU vs. USC (I don't think USC is a good choice but they're lucky that they lost early)
Orange Bowl - FSU vs. VT (I think VT and Miami will tie for Big East record, but with a head to head comparison, VT is going to be the champion of the Big East)
Rose Bowl - Michigan vs. Miami (Rose bowl likes to stick with traditional Big 10/pac 10 affiliation, and since OU is going to the Sugar Bowl, they could pick either LSU, OSU, Miami. I think Miami would be the one)
Fiesta Bowl - OSU vs. LSU (Since Big 12 is going to Sugar bowl, they'll get the SEC Champion and an at-large bid, which will be OSU)
Texas in theory could move up in the polls if OSU falls again, Texas will put themselves in the Fiesta Bowl.
I don't see TCU in any of the BCS even if they're undefeated. I don't know which bowls get to pick first this year so I didn't take that into account.
Also watch for Pitt. vs VT and Miami that'd eliminate them from the BCS.