Trying to think like a committee member, I assume they all agree on one thing: they want to keep this gig going for as many seasons as possible. So, despite the lack of required transparency, I assume they'll try to accomplish two things with early rankings: (1) they will be defensible; and (2) they can be changed with minimal drama when some of the more highly ranked teams subsequently lose, as they almost certainly will. I further assume that for a one-loss non-conference champ to get in will require at least two Power 5 conferences to have champions with two or more losses. That leads me to assume they'll rank teams who control their own destiny above those who don't, followed by teams needing minimal help. So, my predictions, with parentheticals stating how I believe the committee will reason:
1. MSU (Undefeated from Power 5)
2. FSU (Undefeated from Power 5)
3. Oregon (Presumed Power 5 champ; good non-conference win)
4. Notre Dame (best loss of the one loss teams)
5. Michigan State (presumed Power 5 champ; good non-conference loss)
6. Kansas State (Presumed Power 5 champ; good non-conference loss)
7. Ole Miss (one loss Power 5 team; controls its own destiny)
8. Georgia (one loss Power 5 team; controls its own destiny)
9. Alabama (one loss Power 5 team; can play its way in with minimal help)
10. Auburn (one loss Power 5 team; can play its way in with minimal help)