nine conference games: Colorado, Wazzu, UW, and Oregon State. You could debate some of those, but my point is that we have six P5's on next year's schedule, but we also have two high-level G5's (three if you were to count Toledo, who is currently ranked). Someone might also argue 'public perception' trumps any G5's, but I think a win over Boise State holds a lot more national credibility than a win over any of the four Pac-12 schools list above.
I'm not anti-PAC 12, I just happen to have an Oregon schedule in front of me. You could make the same argument using ANY of the P5 conferences, even the SEC. Every conference has a couple cellar dwellers.