i have a really nice publication from street and smith's- the 50 greatest college football programs of all time. this is their rankings
1. notre dame
2. usc
3. oklahoma
4. alabama
5. nebraska
6. michigan
7. yale
8. ohio state
9. texas
10. princeton
the criteria was... # nat champs, # of undefeated seasons, # of major bowl wins, # of major bowl appearances, # of conference champs, winning percentage, grad rate, # of concensus all-americans, # of heisman winners, # of no 1 overall draft picks, # of ncaa infractions, and mascot ferocity (????)
seems like this is suited for more toward the past 5 decades or so, but it was just something interesting i picked up a few months ago...
and btw... it looks like the big red are tops in 6 of the 12 categories and 3 categories were tied.