Today's Wall Street Journal had an article analyzing which college football teams are most notorious for failing to live up to preseason hype, based on the highest dropoff in points from the preseason poll to the final poll. Florida State was #1:
"Since 2001, the Seminoles have been overrated more than any other major program based on the change between how many votes they get in the preseason Associated Press poll and the final one (including this season). Over this span, the Seminoles have finished with 60.4% fewer points in the poll than they began with. That's the largest decline of any team with at least five preseason-poll appearances over this span.
California has the second-biggest drop-off (-47.7%), which is owed to the Golden Bears' repeated failures in the mid-2000s."