What's the value of a win?
This isn't a rhetorical question. It's something the committee should be asking on a weekly basis. We tend to discuss win-loss records in concrete terms, then debate résumés in subjective ones, and that's where fans, pundits and, especially, the committee run into trouble.
For example, when a reporter asked Curt Cignetti if his Indiana Hoosiers still belonged in the playoff after a blowout loss to Ohio State, he responded with a mix of befuddlement and indignation. How could a team with a 10-1 record in the Big Ten not be in the playoff?