http://www.usatoday.com/sports/college/football/2008-01-08-playoff-proposal_N.htm
Both of their losses were in double overtime, and both were lost on the road and both occurred with significant injuries. There is no doubt that LSU could and would defeat any team in the top 20 when healthy. They are an awesome team, end of story. Numerous teams were defeated by UK and Arkansas. Arkansas fired their coach or they would have done much better against Mizzou.
As the article above states Georgia is requesting a playoff. All that means is that one SEC team will be playing another for the National Championship next year, if approved. No other conference can compete with the SEC. Sorry Bush League.