To simplify things, I am making one assumption -- that Virginia Tech beats Florida State (which is only slightly more certain than whether the 'Noles will score) ...
If Texas loses: Unless they remain in the BCS top four (not likely), the Longhorns would likely be left out altogether, because the Fiesta is not going to stage a Colorado-Texas rematch, and the Orange would almost certainly use its selection on Notre Dame. My guess:
Rose: USC vs. Penn State Fiesta: Colorado vs. Oregon Sugar: LSU/Georgia vs. West Virginia Orange: Virginia Tech vs. Notre Dame
If USC loses: Believe it or not, the Trojans would still get the Pac-10's automatic berth, winning a three-way tie with UCLA and Oregon because, of all things, the Bruins lost to Arizona. Don't ask. ...
Rose: Texas vs. Penn State Fiesta: USC vs. Ohio State Sugar: LSU/Georgia vs. West Virginia Orange: Virginia Tech vs. Notre Dame
If USC and Texas lose and LSU beats Georgia: If Virginia Tech wasn't playing a four-loss team, it might have had a chance to move ahead of LSU for No. 2. ...
Rose: Penn State vs. LSU Fiesta: USC vs. Colorado Sugar: West Virginia vs. Notre Dame Orange: Virginia Tech vs. Texas
If USC and Texas lose and Georgia beats LSU: The Orange Bowl would get the top two picks. ...
Rose: Penn State vs. Virginia Tech Fiesta: USC vs. Colorado Sugar: Georgia vs. West Virginia Orange: Notre Dame vs. Texas