Even if penn state wins the conference, and they beat Ohio state, I almost bet they'll screw them over and put osu in over them. I wouldn't be surprised to see Michigan get in over Washington!
Unless Penn State comes out and throttles Wisconsin, I think the rankings will remain unchanged. Maybe Ohio State moves down but they will still get in imo.
Please show me where winning a conference championship or not dictates who is chosen to play in the playoffs. It does carry some weight, but this system was designed speciafically to take the best 4 teams in the country no matter if they win the conference championship or not.