I have watched them play 3 times this year, and the two BIGGEST things that stand out to me are:
1) Defense
2) Depth
Each game the announcers rave over their defense as the best in the country, and honestly I can't argue against it.
They substitute in waves, even after losing one of the best players for the season. They like to run, and Pittman is an animal down low.
Granted, UNC and MSU are not top tier this year, and their are tougher tests out there. However, I think Texas is good enough to play with anyone out there, period.
Personally, I can't wait to see Texas/Kansas. I have been watching Kansas, and I am not overly impressed with their execution. However, they haven't played ANYONE to this point in time, and thats not a stretch. Their schedule is beyond cake to this point.