[RoShamBo]

There is also some confusion on the out of state games. An out of state team gives you credit for their actual record. Its their opponents record that is calculated at .500.

Correct. Part of the confusion stems from the Herald Leader and Courier Journal claiming that out of state opponent's records would all be counted as .500 when they broke the news of the RPI formula.

But you've got it right. It is the OOWP, or Opponent's Opponent's Winning Percentage that is left at .500 across the board.

Even if OOWP were calculated exactly, you would likely only get a couple hundredths of a point variation in either direction.