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But if two of those three teams are going to reach the Jan. 8 BCS Championship Game in Miami, they'll first have to win conference titles. And there's still plenty of football left to be played over the final seven weeks of the regular season.
Here's a close look at the races in each of the six BCS conferences:
How it stands: Three teams -- Georgia Tech, Virginia Tech and Virginia -- have only one loss in ACC play. North Carolina is close behind at 1-2 in conference play.
Favorite: Georgia Tech. Did anyone think Paul Johnson would be this successful in his first season at Georgia Tech? Quarterback Josh Nesbitt is running the triple-spread option offense to perfection, and Johnson inherited one of the league's best defenses. The No. 18 Yellow Jackets play three of their last four ACC games at home, starting with Saturday's game against Virginia.
Dark horse: Virginia. Left for dead after a 1-3 start, the Cavaliers have won three games in a row, including a come-from-behind, 16-13 victory over North Carolina in overtime Saturday. Virginia plays three of its last five ACC games on the road: at Georgia Tech, Wake Forest and Virginia Tech.
On the Mark pick: Georgia Tech
Conference champion: Florida State
Conference champion: Texas
Conference champion: Alabama
1. Colt McCoy, Texas
What McCoy did in a 56-31 win over Missouri -- completing 29 of 32 passes for 337 yards with two touchdowns -- is tough to do against air (which pretty much describes the Tigers defense).
2. Chris Turner, Maryland
Turner, whose dad was the original drummer for the heavy-metal band RATT, loves big games. He threw for 321 yards in a 26-0 upset of Wake Forest.
3. Graham Harrell, Texas Tech
Harrell had another huge game, completing 44 of 56 passes for 450 yards with three touchdowns in a 43-25 win at Texas A&M.
4. Chase Clement, Rice
Clement, another Texas quarterback, threw for 444 yards and six touchdowns in a 45-40 win over Southern Mississippi.
5. Sam Bradford, Oklahoma
The sophomore set an Oklahoma record with 468 passing yards and three touchdowns in a 45-31 victory over Kansas.
The Miners allowed 791 yards of offense in a 77-35 loss to Tulsa, including 321 rushing yards. The teams combined for eight touchdowns -- in the first quarter.
2. Washington State
The Cougars have allowed 66, 63, 66 and 69 points in four of their Pac-10 losses.
3. San Diego State
The Aztecs allowed a school-record 70 points to New Mexico on Saturday night.
The Hoosiers have allowed 40 points or more in four of their past five games after losing to Illinois 55-13.
5. Texas A&M
A 12th man wouldn't have helped the Aggies against Texas Tech, which gained 561 yards.
1. Shonn Greene, Iowa
Is Greene the most unheralded player in the country? He ran for 217 yards and four touchdowns in a 38-16 rout of Wisconsin.
2. Knowshon Moreno, Georgia
The redshirt sophomore got back on track in a 24-14 win over Vanderbilt, running 23 times for 172 yards with one touchdown.
3. Dennis Kennedy, Akron
The senior ran for 277 yards and three touchdowns, including the game-winner with 14 seconds to go in a 42-35 win at Eastern Michigan.
4. Chris Wells, Ohio State
His return to health helped the Buckeyes return to the top 10. Wells ran for 140 yards and two touchdowns in a 45-7 rout at Michigan State.
5. Evan Royster, Penn State
Royster helped lead Penn State's comeback in a 46-17 win over Michigan, running 18 times for 174 yards with one touchdown.
1. Greg Robinson, Syracuse
The Orange's record fell to 1-6 (0-6 versus FBS foes) after a 45-13 loss at South Florida on Saturday.
2. Tommy West, Memphis
The Tigers' record fell to 1-3 in Conference USA play after a 30-10 loss at East Carolina.
3. Mark Snyder, Marshall
The Thundering Herd fell to 3-4 after losing 23-21 at UAB on Saturday.
4. Chuck Long, San Diego State
It appears the Aztecs have quit on their coach after losing to New Mexico 70-7.
5. Tyrone Willingham, Washington
The Huskies are 0-6 after losing to Oregon State 34-13 on Saturday.
1. Dez Bryant, Oklahoma State
Bryant caught a career-high 11 passes for 212 yards with two touchdowns in a 34-6 blowout of Baylor.
2. AJ Green, Georgia
The Bulldogs' sensational freshman caught seven passes for 132 yards with one touchdown against Vanderbilt.
3. Jarett Dillard, Rice
Clement's favorite target caught seven passes for 141 yards with three touchdowns against Southern Miss.
4. Brennan Marion, Tulsa
The senior caught six passes for 233 yards, averaging 38.8 yards per catch, with three touchdowns in a 77-35 victory over UTEP.
5. Randall Cobb, Kentucky
The freshman caught two touchdowns in the final 4 minutes, 15 seconds of a 21-20 victory over Arkansas.
UCLA's Kevin Craft threw the winning touchdown with 10 seconds left to beat the Cardinal 23-20, dropping Stanford's record to 4-4. The Cardinal will have to beat Washington State and either Oregon, USC or California to become bowl eligible.
Interim coach Dabo Swinney lost his first game, 21-17 to Georgia Tech, dropping the Tigers' record to 3-4. Clemson will have to win three of its last five games to play in the postseason.
The Badgers lost their fourth game in a row, 38-16 at Iowa, dropping their record in Big Ten games to 0-4. Wisconsin is 3-4 overall with five games to play.
The Razorbacks blew a 20-7 lead in the final five minutes at Kentucky, and their 21-20 loss probably ended any hopes of a bowl game in coach Bobby Petrino's first season.
5. New Mexico State
The Aggies' chances of getting to their first bowl game since 1960 were dealt a blow with a 33-14 loss at San Jose State.