Miami has two pre season all americans on the starting offensive line. Up and coming proven quarterback in Ken Dorsey, with Portis and Payton in the backfield.
Texas has two pretty good quarterbacks in Simms, the projected starter, and Applewhite who could start anywhere else. The best crop of wide receivers in the country. Not to mention they dodged Nebraska and Kansas State on there in conference schedule.
Florida State has some of the best talent every year. I'm guessing the only reason why they weren't a preseason number one is the quarterback situation. Two unexperienced quarterbacks fighting it out for the starting job.
Then again, i can't remember the last time a college football team went wire to wire number one for the championship, maybe before i was even born.
My top 5 preseason ranks:
1- Texas
2-Miami,Fla
3-Florida
4-Florida St.
5-Oklahoma