Basically. This is what happened last year. Stanford played pretty well and Oregon played really poor on the same night. In the SEC, it'd be a smashmouth, grown-man football game, or something stupid like that.
The biggest difference I see this year is the improved passing game with Mariota, Huff, Addison, Mundt/Brown, etc. I think we'll see more of DAT at slot (like he was in 2011) and run the rock with Marshall and Tyner with DAT mixed in. DAT may start at RB, but my guess is he moves to slot and motion plays the majority of the game.
Been waiting for this game since last year. I was so bummed when they lost, as they would have wiped ND and won the national championship (then again, who wouldn't have...). Oregon plays really well on the road and they haven't lost since 2009 to... yeah, you guessed it, Stanford. That team was very different than it is now, with a better offense (Luck, Gerhart) and not so solid defense.
It should be a great game and I'm looking forward to seeing how it plays out given what's on the line.