If WSU and/or Iowa must ranked in any of your lists ahead of Oklahoma, then Texas should drop. Oklahoma beat them soundly. Yes, in this case, Texas should pay for Oklahoma's loss. But that is just one man's opinion.
OK loses twice and Texas punches out Texas goes to the big 12 and COULD play for the antional championship but since Simm's can't win a big game would be blown out by whomever.