If it's any consolation, the AP and USAToday has them 10 and 11 respectively, it's just the final BCS poll where they drop to 16 - mostly due to having 3 losses (each one hurts quite a bit, even it they were all to top 20 teams).
I don't see Penn State ever being more than it has been for the last few years as long as JoePa is there. It's been essentially the same program for the past 10 yrs, with one great year and some bad ones, but it just can't rise to being a national power. Maybe a top tier Little10+2 team, pulling upsets once in awhile and finishing with 9-10 win seasons, but not a top 10 team nationally other than the occasional blip in rankings just before a loss.
Michigan? Maybe. A lot depends on what the new new coach does with the talent he's got. For now I see tOSU sitting atop again, pretty much alone. IOWA remains a close second, and MSU will flare up now and then. There's a lot of hope pinned to bringing in NEB and the conference championship game, but I think it will take awhile of having top 10 teams in that championship game before the league starts wearing off the tarnish it currently has. But that's just my opinion.
It'll be interesting to see how the PAC10 goes for the coming years, with USC struggling to come back (I give Kiffin maybe 2 more years), and Oregon standing on top for awhile. UCLA lost Chow, so I'm not sure they can continue the climb some fans (lapdawg) claim will occur each year...and doesn't actually materialize. The question will be who else in the PAC10 will step up and help the conference?
Likewise, the Big12-2 is sinking on the
Titanic Texas Ship. OU will remain as they are, the other team in conference, and while TX is down OU will be THE team in the conference. I just don't see the TX staying down for long, and none of the remaining teams able to mount a sustainable challenge within the conference.
Big Easy? No future. Take away their BCS bid.
ACC? I'm begging for FSU and MIA to step up and make it no longer the VT show

I've got more faith in FSU than MIA at this point, based primarily on commitments, talent, and coaching.
SEC? Right now I'd bet the east will be a run between some B-level teams like USCe and TN, possible UGA gets their shit together. But none of the east teams will be top 10. It'll be the West again next year. Probably LSU, maybe AL. AU will make some noise but won't sustain losing Cam and Fairly. MSU will continue to climb well above their previous accomplishments, but they are a good 5 yrs from challenging for the West (case in point, see Spurrier's Gamecocks).
I see a down year coming next year. Maybe it's a good shot for tOSU to get back into the NC (if they get thru the first 5 games). Maybe ORE will see them there, maybe Oklahoma. Smaller chance, IMO, to see a return of an SEC team.