Not necessarily. Imagine a title game like that with a one loss SEC team on the sidelines. Seems like something is missing, doesn't it? It's hollow. Also, the Big 12 no longer has a championship game. We'll see how this plays out. As it is, I expect LSU to be BCS #5 tomorrow.
And now they have to get on Oregon's jock and lobby for them, something they really don't want to do.