The OSU preseason pick/result reminds me of UA 2010.
Both were loaded NC caliber teams that didn't live up to expectations.
Similar themes (some rumored): huge preseason favorite, complacency, entitlement, lack of leadership, talented players looking toward draft, lost heartbreakers to rival, and more.
Looking at the two just shows how hard it is to "predict" CFB. Team chemistry, coaching, personnel and ind player decisions/indecisions on and off field, and other intangibles play such a huge role.
Both of those teams may have easily been one of the best two at the end of the season, but small things have cumulative effects and both found themselves out of contention to even compete for a NC, even in an expanded format, when it was all said and done.