Joel Klatt's College Football Rankings: Is 'Championship Caliber' Indiana No. 1?

We say this a lot, but this statement was especially true this week: What a weekend it was in college football. 

Indiana firmly established itself as a national championship contender with its upset win at Oregon. Texas might have gotten back on track with its decisive victory over Oklahoma in the Red River Rivalry. Alabama picked up a key ranked win, and Ohio State continues to roll.

All of that was overshadowed by Penn State's decision to fire James Franklin on Sunday following a third straight loss. But the rankings must go on, so here's Joel Klatt's latest top 10. 

Klatt's thoughts: "This team has separated themselves out. They haven't even shifted into third gear. Ohio State's the best team in the country. That's the best defense in the country. Their quarterback is the most efficient quarterback in the country. They still have the best players in the country. They are really good. They don't even have to go to third gear to win these games on the road. Illinois had the best, most explosive offense over the last couple of weeks in college football, and did nothing.

"What happens when they turn it on like they did late in the season last year in the playoffs and start really going down the field and start really loosening up that offense? Who beats them? What team in the country can score 17 points against Ohio State? … It doesn't get better than Ohio State at this point."

Klatt's thoughts: "Curt Cignetti has a national championship caliber team at Indiana. They just are. I don't care what the logo says. If another logo had done that at Oregon, we would be running parades up and down these podcast lands. I'm going to give them their due. That was the best win so far in the country.

"Let's be very honest about this