FSU/North Carolina Replay

[Fan10]

Did anyone see the interception on UNC's desperation drive at the end of the game last night? With about 12 seconds to play, FSU appeared to intercept and run it back for a TD, but the LJ ruled that the ball hit the ground. The play was reviewed, and on replay, it appeared to me like the FSU DB got his hands under the ball. It was very close, but every angle they showed, I thought it was an interception.

The white hat came off the headphones and said that the call stood. I was curious as to whether it stood because there was not enough evidence to overturn it or because the LJ whistled it dead and ruled incomplete. Does anyone know if replay would allow FSU to keep the ball at the spot of the pick(not getting the return for a TD because of the whistle) if replay had shown it was caught?