This Texas team has some things in common with the tOSU team that won it all. I'm not saying the 'horns are as good, but I can see them winning a bunch of close games in a workmanlike fashion. I think UT is very solid in the trenches -- OU gets the nod on the offensive line -- and we have a lot of young talent elsewhere. Colt McCoy isn't going to stand head and shoulders above Sam Bradford, but he doesn't have to. He has to excel against OU's defense, which is probably their weak link. By 10/11, Texas might actually have the stronger defense. (I'm not holding my breath, but it's clear Coach Muschamp is starting to have an effect on that side of the ball.)
Right now, I'd definitely give the nod to OU. I think Texas is on the steep part of the learning curve, though, and they may be a tough opponent for OU in a couple of weeks.