They look awful damn good right now. Their TE just made a one handed sliding catch. It wouldn't surprise me if they won out. I don't think anyone else in the Pac10 can match their talent except for USC. IMO, that's the only game that they won't be a huge favorite.
Washington and Stanford both beat USC already. USC is not the litmus test of that conference any more. They could easily end up with 4 losses this year.
The team that beats them will need a strong running game and a hellova defense. I would like LSU's chances.