I am not sure if it is enough to make us favorites, especially since the game is in Oxford, but Masoli was just ruled ineligble by the NCAA: 
http://www.commercialappeal.com/news/2010/aug/31/ncaa-rules-rebels-quarterback-masoli-ineligible-ol/

Also, one of their projected starters on the DL has been found to have an irregular heartbeat - which you hate to hear.  More after the jump....

On the Masoli issue, recall he was the Heisman candidate that lead Oregon to the Rose Bowl, but was kicked off the team for breaking and entering. He graduated and enrolled at Ole Miss's graduate program - seeking a waiver to play his last year because Oregon does not have a Parks and Recreation Masters Degree.

My cynicism lead me to believe that him being found eligible was a given.  However, (and it pains me to say it), I agree with Geoff Calkins that the NCAA got it right.

http://www.commercialappeal.com/news/2010/sep/01/ncaa-got-it-right-now-masoli-has-chance-too/

The key quote - which summarizes the event in a way I did not fully appreciate - is

So Nutt and Ole Miss athletics director Pete Boone can feign outrage on behalf of their stained mercenary. They can assemble elaborate legal arguments to explain why the NCAA's decision is inconsistent with precedent blah blah blah.

But, c'mon, really? To review:

1. Masoli couldn't play at Oregon until 2011 because he screwed up.

2. He screwed up again after that.

3. So now he should be allowed to play at Ole Miss in 2010??

Of course he shouldn't be allowed to play.

He does take a shot at Memphis Basketball not Cal directly in the next few sentences - so I guess that is progress (not calling out Cal by name being the progress). 

Anyway, Ole Miss's prospects just took a hit...