They already completely devalued any title before the BCS era as of a few years ago. Right now anything before BCS is called a "Mythical National Championship" or MNC in a lot of places. The devaluing of the BCS is already begun also since common wisdom says this year the BCS would have gotten it completely wrong so that means every BCS was a mistake.
I could understand some of the crowing if Bama had gotten beat like FSU, but a one score loss where we had multiple chances to win it at the end and didn't says a lot for how hard fought this game was. It was a playoff game and played as such. Next year we will go out and try to make another run at it.