Ugh. I can not stand Texas' pompous attitude...
No kidding. "We are the Joneses", eh? He might want to check his facts, at least as far as football is concerned.
Despite all the 10 win seasons and all the other success, UT has won the Big 12 title in football twice in the past ten years and only three times since the conference was founded. By comparison, LSU and Florida have both won the SEC three times since 2000, and both have two BCS titles. Alabama has one conference title and one BCS title.
Overall, I'd say UT has a great athletics program. Their baseball program has been good for a long time, and their basketball program has been very good in recent years. They have one of the highest student populations in the country, and I have no doubt they are one of the most popular brand names in college athletics. But we all know football is king in the state of Texas. So, you might want to consider winning some more titles before calling yourself the team that everyone else is trying to play catch up with.
As far as going independent: I hate all these teams going independent. I have long believed the BCS should ditch the Notre Dame rule and only award spots to teams in a conference. Being in a conference gives you a better shot at a BCS spot anyway. Notre Dame has to be in the top 8 (or is it 12? I forget) to get a slot. You can be #20 or unranked and win your conference you are in. See the Big East and ACC recently for examples.