They shouldn't come out with the first poll until the week before the first BCS rankings are released.
Auburn should be #1. They played the most difficult schedule and pummelled their opponents. They have beaten everyone except LSU by 18+ points, including wins against Tennessee and Georgia. Their non-conference schedule was quite week but they play in the best conference in 2004. The biggest knock I have against them is that they weren't ranked in the top 5 to start the year (*snicker*).
OU should be #2. They have played in a very tough Big 12 South division, are tops in the computer rankings, and shut out the #5 team in the country in Texas.
USC should be #3. Other than a vastely overrated Cal team, who have they beaten this year?