This just in -- from the Kansas City Star, of all places:
The BCS has stripped Southern California of its 2005 Orange Bowl victory over Oklahoma and could strip the Trojans of their BCS national championship for the 2004 season.
The brief article also states:
BCS executive director Bill Hancock issued the statement:
"In accordance with the findings released today by the NCAA, the University of Southern California’s 2005 Orange Bowl game victory has been vacated. We take the integrity of NCAA rules seriously. As a procedural matter, the BCS Presidential Oversight Committee (POC) must meet to formally consider vacating USC’s championship title and the game records. If the POC takes such action, there would be no BCS champion for the 2004-05 season. The POC will meet shortly to discuss this matter.
"In light of USC’s statement that it intends to appeal, we want to make it clear that no action will go into effect until the appeal is heard and decided by the NCAA."
Still awaiting other verification.