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You'd certainly think that Alabama's had a much tougher schedule to overcome than has Oklahoma State, but you'd be wrong. Both teams, at the season's end, had four ranked wins and an 11-1 record.
Certainly, Bama looks a little better because their only loss was to LSU.
On the other hand, it also shows that LSU has proven they can beat Alabama—if I'm sitting on the BCS table, I'm arguing that they shouldn't have to prove it again.
I say Oklahoma State belongs in the National Championship game. After their loss to Iowa State, OSU proved they belong in the BCS championship by slaughtering Oklahoma 44-10 in the Big 12 title game.
With all of the turmoil going on in the Big 12 right now, it'd be nice to see the conference's champion in the national championship game.
Verdict: LSU vs. Oklahoma State