The Oregon Ducks are in control of their own destiny, and if they win out are in all likelihood headed to Pasadena. Oregon's strength of schedule, their win over Michigan State, and a conference championship will be enough to elevate them in the top 2.
Oregon remains in second place in the newest college football playoff rankings, and will likely stay in that area with a Pac-12 championship. Florida State, even if they go undefeated, appears to be positioned in one of the worst or second worst Power 5 conferences, and seem to be lacking any strong victories of any sort. Oregon's biggest challenge for the top two spots outside of Florida State appears to be a one loss SEC champion like Mississippi State or Alabama, but they are expected to stay in front of the Big 12, ACC and Big Ten champion. That would keep the Ducks in the top two spots.
The Pac-12 South continues to make its case as the strongest division in college football, with now FIVE teams in the top 25, most out of any division (passing the SEC West, which now has only four after Texas A&M dropped out of the picture).
While all the teams have two losses, there is still a decent chance for the two-loss schools like UCLA, ASU, and Arizona to go to the College Football Playoff if they win win the Pac-12. UCLA is up from 11th to 9th in the newest rankings, and they have the strongest case.
Arizona State Sun Devils
Arizona State tumbled from 6th to 13th, and they have a lot to work on.
Arizona also dipped from 14th to 15th, but they get Utah and ASU to wrap things up. However, if they stay at two losses, they still have an outside shot if chaos reigns. UCLA is the team with the strongest case at the moment though.
USC Trojans, Utah Utes
USC and Utah remain, although the best they can do at this point is the Fiesta Bowl and boosting the resume of the remaining Pac-12 teams.