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I would consider Tebow not winning at this point a pretty big crime. That said, it isn't my question.
It just made me think, what are the biggest recent Heisman snubs in the last 10-20 years?
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The only one that stands out to me would be Eric Crouch over Rex Grossman in 2001. Grossman had very good stats that year and Crouch wasn't exactly spectacular. Only other one I can think of is possibly Larry Fitzgerald losing to Jason White. None of the other races have been that close, and the ones that have been close you can see that the deserving candidate probably won.
http://en.wikipedia.org/wiki/Heisman_Trophy
List of all winners and runner-ups ever.