It is a longstanding open problem to devise an oracle relative to which BQP does not lie in the Polynomial-Time Hierarchy (PH). We advance a natural conjecture about the capacity of the NisanWigderson pseudorandom generator [NW94] to fool AC0, with MAJORITY as its hard function. Our conjecture is essentially that the loss due to the hybrid argument (which is a component of the standard proof from [NW94]) can be avoided in this setting. This is a question that has been asked previously in the pseudorandomness literature [BSW03]. We then make three main contributions: