I think just the opposite. I think it's ridiculous to think that any undefeated brand name team will be left out of the playoff no matter now easy the schedule. This 'strength of schedule' stuff is just an entire load of crap. All that matters is wins, so any team SHOULD schedule teams for wins. Humans will always have the final say, and I'll believe humans will put an undefeated ND team behind a one loss Oregon team when I see it.
FWIW. Michigan doesn't seem inclined to get re-involved.