One thing to take away from this, the committee very notably pointed out with Ole Miss that they hold/value good wins much more/higher than they do bad losses.
Ole Miss's 28-10 win over now #12 UGA easily more than balanced out their 20-17 loss to a currently 3-6 Kentucky team. (Not to mention 6-3 South Carolina now being ranked also further boosts their resume)
Once a team is no longer undefeated, their having wins over really good teams seem to be more of determining factor than bad losses / losses to bad teams.