Rivals.com just announced their All-American teams. You can view it at:
Rivals.com College Football - Rivals.com All-America First Team
Ohio State and Missouri tied with the most selections, at five.
I ran a quick conference breakdown and it looks as follows:
Big 12 has 17 total selections (8 first, 5 second, 4 third)
Big 10 has 16 total (5 first, 8 second, 3 third)
Pac-10 has 14 total (2 first, 5 second, 7 third)
SEC has 10 total (6 first, 3 second, 1 third)
Big East has 7 total (2 first, 4 second, 1 third)
ACC has 6 total (2 first, 0 second, 4 third)
Thoughts?