I agree that we have depth, I even said that in my original posts. However, as of right now I don't think the Buckeyes are playing as a number 1 team. I don't think we could step on the field with any team and win. We have a lot of questions still to answer. I think 3/4 is a fair ranking for us.
Now, Im not saying that I want to see a Bama-Oregon NCG. I think that if last year the Bucks won the NCG and we were undefeated and were anything less than #1, we would be bitching. Right now the B1G hasn't been doing itself any favors in its OOC games against legit teams/conferences. Unfortunately, the SEC fans see the Buckeyes success and combat that with "their conference is terrible" - the same thing we do with Louisville, Boise St, Florida St, TCU (prior to their move), etc.
The Cardinals and Buckeyes haven't been getting much media love and likely won't until Bama, Oregon, Louisville, and Florida State take a loss.