IMO, the only team in the country right now that is year-in and year-out part of the national championship discussion is Alabama. They are simply in a class by themselves.
After that, its less a pecking order and more a number of tiers. Teams routinely in the second tier are your Florida's, LSU's, Oklahoma's, and now probably Ohio State. Those are teams that have solid talent and,with luck and a favorable schedule, can make a run.
Third tier teams. These are teams that either have to have some kind of marquise player just explode onto the scene, or have to get incredibly lucky and win 2-3 games they shouldn't have, or both. This would be the likes of UGA, USCw, Notre Dame.
Tier 4 teams are your South Carolina's, Nebraska's, and FSU's. You win almost all the games you are supposed to, but we can count on you to blow one or two along the way you were supposed to win handily, and you immediately tumble out of contention.
I'm speaking now to the question of what you are on an annual basis. A team in Tier 2 might have a year or two where they under perform and aren't where they should be. But they are quickly back into form. Same with Tier 3 and 4's.
Right now, UT is not even a fourth tier team. You aren't winning with any consistency and are struggling with teams that ought to be automatics. I'm not saying you don't have the tools and the means to get there. But you need to get to tier 4 before you get to tiers 2 or 3.
I guess that's a long about ways of saying your question is the wrong one. You need to be at a point where you don't worry about Kentucky and Vandy games before you can start figuring out SEC championship and BCS possibilities.