No. No, they're not.
See 2004.
In 2004, the voters thought Oklahoma was better than Auburn. The voters were wrong.
Completely different than this year. The voters (may - this shit hasn't even played out yet) think Alabama is the 2nd best team in the country after Oklahoma State shat the bed.
In fact, leaving Alabama out based on an undefined reason would be closer to 2004 than putting them in.
Other factors to considers:
Oklahoma went even though they got blown out 35-7 in their conference championship game. The voters could have easily said, "Well, Oklahoma isn't deserving of playing in the BCSCG because they lost to Kansas State and didn't win their conference." They could have voted them some arbitrary number like #15 just to keep them out. But they didn't. They voted them where they thought they belonged, and the computers put them in. The BCS did what it claims it's suppose to do.
Same thing with Nebraska in 2001.
We can all say we know Alabama doesn't deserve another shot; however, when other teams lose late in the season while at the same time voters are saying Alabama is the actual #2 team in the country, it's hard to have a reason to keep them out.