I feel UCF's pain of its players, coaches, and fans. My first reaction was its not fair!
However, I'd bet the Ohio States, Michigans, Alabama's , USC's, etc., would love to play in a conference where 25% of its teams are the worst of FBS. They could have broken decades old team records themselves.
However the most explosive teams in the AAC did, it was against teams with some of the worse FBS rankings in various categories.
Don't forget, Oklahoma fans were not thrilled they were playing a team (UConn) with four losses from a perceived weak BCS conference in the Fiesta Bowl.
In fact the move from BCS to FBS started the next year, and two of the 2011 BCS "escapees" were Pittsburgh and Syracuse, followed the next year (2012) by Rutgers, Louisville, and WVU..they wanted out of a weak BCS conference.
I can feel the pain of UCF and its fans, but can understand why none of the P5 wanted to allow UCF in the Big party.