Well, I think it is fairly obvious that we deserve to jump Texas, Iowa, Michigan State, and Kentucky. I'd say there's a good chance our win over Cincinnati vaults us past New Mexico, too.
As far as Memphis is concerned, I agree with upstater - there is absolutely no conceivable measure that would indicate Memphis deserves to be ranked ahead of us. Our RPI is better by about seven spots, our BPI is better by almost twenty spots, we beat them head-to-head twice, and they have one more loss than us against a very comparable schedule. For whatever they gained from beating Louisville, they should lose and then some from losing to Houston. That's the way it worked with us, it should work that way for them, too.
If Ohio State wins over Indiana, we're #20. If they lose, #19.