The only undefeated teams with truly soft schedules, IMO, are Coastal Carolina and UTSA (maybe San Diego State as well but they got a good Air Force team this week).
B1G is interesting as it has 4 top ten teams in B1G East. Will be a fun race. At least two of those will still be in the mix come November. Iowa will also be interesting to watch. If they win out at 11-1 and upset the B1G East team, they are in the playoff.
SEC right now has two really good teams and a bunch of decent-to-average-to-bad teams. Ole Miss is in a sneaky position though where they could finish 11-1 (look at their schedule). I don't see it happening but they are a sleeper. I don't see both Alabama and Georgia making the playoffs because of the lack of top notch SEC schools on their schedule like in years past but the media is pushing hard for Alabama to get in with a mulligan (or two).
Pac12's hopes rest on Oregon. I am not sure if they will win out but I will give them the benefit of the doubt right now.
ACC seems already out but if Pitt and Wake win out and meet in the ACC game, do they have a shot at playoffs?
Big12 runs through Oklahoma. I could see the Big12 getting in (likely Oklahoma).
Looking at all of these facts, Cincinnati is in a pretty good spot to be the first non-Power 5 playoff team. Especially if Notre Dame finishes the season with a high ranking.
Right now, playoff looks like this (not in order):
1. Georgia
2. B1G Champion (going with Ohio State right now)
3. Oklahoma
4. Cincinnati (if Oregon does NOT win out)