The BCS runs college football, not the NCAA, so there is no NCAA title for the NCAA to possibly strip. USC won the BCS trophy, which is awarded by the USA Today coaches' poll. Can USA Today revoke USC's title? USC also won the Associated Press trophy in 2004, which could lead to AP breaking news: The AP is reporting today that it is stripping USC of its national title, according to AP sources.
When USC is found guilty. Looks as if nothing will happen.