I think Boise and Houston are overrated. I also think ND and PSU are still too high. If Boise hadn't beaten Georgia, they wouldn't still be rated, or shouldn't be. Houston has played no one of any significance and I don't care if they score 100 points against any team in their conference, they wouldn't last a half against LSU, Bama Oregon or Oklahoma. Heck they might get ripped by Okie St as well.
ND plays such a weak schedule, I just have no respect for them. Their "independence" is so self-serving it is absurd. They won't join a real football conference because they would never get any special consideration, much less 10 wins.
PSU may be the most in-bred university around. The scandal on that campus is opening the public's eye to horror that is State College, Pennsylvania. They are overrated because they have no offense and have played two reasonably good teams, one of them is awesome. PSU will lose their last three conference games and then lose their bowl game. They are a rudderless ship without their cult leader.