I think so too. I do think Oregon would have kept it a closer margin... they like to score early and get the defense on their heels and then rack up points. It puts the other team scrambling around out of their gameplan trying to play catchup. Kelly is a good coach and has ratcheted Oregon up a notch in talent & speed since he took over. I still think Bama would likely have won due to CNS's ability to gameplan & prepare with that amount of time. But I expect it would be competitive for sure.
ND is going in the right direction but they appeared slow and will need to improve their physicality to compete for championships against the SEC teams and other upper echelon teams.