That's what it looks like today. After this weekend it will (probably) look like:
Michigan:
10-2
3rd place in Conference
Beat #4 (home), #7 (home), #10 (home)
Lost #2 (away), #24 (away)
Colorado:
11-2
Conference Champion
Beat #6 (neutral), #18 (away), #20 (home)
Lost #5 (away), #9 (away)
And keep in mind that you, I, and no one else really knows how highly the committee is going to value conference championships. You're saying they haven't valued them at all, but - and this is important so try and follow along - the conference championships haven't happened yet. Which brings us back to you don't know, and I don't know how highly they are going to value conference championships.
What we do know: they have said that being a conference champion is an important consideration.
We don't have a chance unless we win.
I also don't think we'll have much of a chance unless VT wins.
But if either of those happen, I do think that we'll be in over Michigan.