The spread (as has been discussed for years here) is great when your opponent either doesn't face it week to week, or the spread team has comparable or better athletes. Teams that face it weekly or have better athletes will shut it down. Mike Leach and his pass-happy WSU Cougars were picked by 10 over Rutgers yesterday.
Rutgers ran the ball down WSU's throat, completed timely passes, played more defense than WSU, and that was that.
Last year in the Fiesta Bowl, George O'Leary and UCF, who probably had lesser athletes than Baylor on offense, destroyed Baylor with a ground game, timely passing, and ferocious defense. Baylor *had* no defense, essentially--similar to Leach's teams--and that was that.
The spread, and "throwing the football" means nothing if it can't be executed better than the other team executes.