[Farm93]

The other wrinkle, in terms of who the Pac-12 would pick if Stanford beats OSU, loses to Oregon, and beats UCLA, is that Stanford will have beaten all of the likely candidates to replace Oregon in the Rose Bowl ('SC, UCLA, Oregon State).  So even though OSU would end up with only two losses, should they get in over a team that beat every good/ranked team in the conference save Oregon?

OSU would have three losses if Oregon is in the BCS CG.  (Washington, Stanford, and Oregon at home).  Stanford would have three better losses (Washington on the road, Oregon on the road, and Notre Dame on the road.)

2 conference loss Stanford would have the fewest conference losses, a better or equivalent overall record, and wins over all other viable Pac-12 options.  FWIW - It will not matter because in this scenario the others (Oregon State, UCLA, USC & ASU) are unlikely to finish in the BCS 14 so they would not be selection options for the Rose Bowl.

[Farm93]

The other wrinkle, in terms of who the Pac-12 would pick if Stanford beats OSU, loses to Oregon, and beats UCLA, is that Stanford will have beaten all of the likely candidates to replace Oregon in the Rose Bowl ('SC, UCLA, Oregon State).  So even though OSU would end up with only two losses, should they get in over a team that beat every good/ranked team in the conference save Oregon?

OSU would have three losses if Oregon is in the BCS CG.  (Washington, Stanford, and Oregon at home).  Stanford would have three better losses (Washington on the road, Oregon on the road, and Notre Dame on the road.)

2 conference loss Stanford would have the fewest conference losses, a better or equivalent overall record, and wins over all other viable Pac-12 options.  FWIW - It will not matter because in this scenario the others (Oregon State, UCLA, USC & ASU) are unlikely to finish in the BCS 14 so they would not be selection options for the Rose Bowl.