Our bowl situation is as follows:
We should end up as the highest ranked team in the BCS that is not a conference champion, so we should get one of the at-large spots.
If the SEC champion is not playing in the BCS National Championship Game, which they won't this year, they are contractually obligated to host the Sugar Bowl. So, either LSU or UT is going to the Sugar, and they will not pick UGA to play in it because they don't want two teams from the same conference playing each other in a BCS bowl.
If the Big-10 champion and the Pac-10 champions are not in the BCS National Championship Game, they are contractually obligated to play in the Rose Bowl. There will be no representative from the Pac-10 in the title game, so their champ is in the Rose. Ohio State may end up in the title game, provided that the Kansas-Missouri winner loses to Oklahoma in the Big 12 title game. If that's the case, there are no other Big 10 teams worthy of a BCS bid, so it is possible UGA could end up in the Rose Bowl against the Pac-10 champ if Ohio State goes to the title game.
If the Kansas-Missouri winner wins the Big 12 championship game, they will face West Virginia in the BCS National Championship Game (Since West Virginia was #3 and they clinched the Big East with their win over UConn and LSU lost, they have basically wrapped up a spot in the title game). That will leave two spots open in the Fiesta Bowl, so it could be us in the Fiesta vs any other at-large team. If Oklahoma wins the Big 12 championship, they will go to the Fiesta Bowl, which is the contractual home of the Big 12 champ if they are not in the National Championship Game. If that's the case, we could end up facing Oklahoma in the Fiesta.
The ACC champion is contractually obligated to play in the Orange Bowl against some at-large team, so we could end up there.
So, it's like this:
If Ohio State is not in the National Championship game, then we can go to the Fiesta or Orange, but not the Sugar or the Rose.
If Ohio State is in the National Championship game, then we can go to any BCS Bowl except the Sugar Bowl.
My personal preference would be to have us play in the Rose Bowl, simply because it is the rarest of the BCS bowls for an SEC team to be able to play in, and might be a once-in-a-lifetime experience to tell the grandkids about.
After that, I would want to play in the Fiesta Bowl against Oklahoma if they win the Big 12 title, so that we have the opportunity to strut our stuff against a traditional power in the national spotlight.
If Oklahoma doesn't win the Big 12, I'd like to see us in the Fiesta Bowl against Hawaii, again for the once-in-a-lifetime novelty factor like the Rose.
The worst case for us is to end up in the Orange Bowl against Virginia Tech in a rematch of last year's Chick-Fil-A Bowl, simply because I'd like to see us face someone we haven't faced recently in the post season.