IMHO, this sets up Alabama to be totally in control of its destiny for the first time since the end of the Ole Miss game. Bama plays two of the top four teams. If we win out, we take one of their places. If Mississippi State can beat Ole Miss, they will sneak back into the top 4 after losing to Bama; if not, Ole Miss will remain in the top 4. And if Bama can win the conference championship game against UGA, they will probably be the top seeded team in the final four, even if Florida State wins out, due to the very punishing schedule and the number of quality wins.
I think that the committee is going to be hard pressed to include Bama or any other two loss team over a bunch of one loss teams from other conferences. Unless, of course, a two loss team wins the SEC. That will put the committee in a very tight spot indeed.