It didn't matter that UNC or Ole Miss were ranked ahead of us. Florida State will be the second ACC team and they were already ahead of us. Oklahoma State takes the B12 spot (they beat TCU for the tie breaker). The SEC was always going to have a second team and Ole Miss was going to be it (unless Florida had upset Alabama). The committee didn't punish teams for losing the Championship games (that's why Iowa dropped only one spot, USC stayed in the poll, and UNC and Florida didn't drop much). They were against tough opponents. UNC, USC, and Florida are supposed to lose to higher ranked teams, so why should they drop? Frankly, the bad loss to Michigan is what kept us down in the polls. We finished ahead of them because of the win over Stanford.
The true last spot went to Florida State. I can see an argument for us over them but they play defense AND offense.