The good folks here at The Perfect Substitute will be generating the Gus Rankings for a third time during the 2011 college football season. For the uninitiated, the original methodology is here. Basically, we generate an objective ranking of all FBS teams based solely on wins and losses.
By virtue of the calculations, a ranking cannot be generated until after the second week of games, as any team with a victory this week necessarily gained it over a team that does have any victories (all 1-0 teams defeated an 0-1 team), so there are no points to add for victories (nor points to remove for losses). There will be a lot of clustering for the first few weeks, but watch how your favorite team separates itself from the rest throughout the season!