I've not heard really any "in stone" hierarchy for the criteria...

It's my understanding they are looking at:
1-Q Wins
2-Bad Losses
3-Game Control
4-SOS
5-Conference Championships
6-Dammit... I had another one but haven't drank enough to recall it... frick... anyway.....

Also, it's my opinion that the following subjective criteria HAVE to weasel their way into the minds of the committee members:
1-"Eye Test"
2-Improvement/Momentum
3-"Head to Head, who would win on a neutral field?"

How do yall think the committee is:
A-ranking the above?
B-how would you rank them?

feel free to dismiss any of my above points and/or add your own...