UT is not the #2 team in the nation, IMO.
I don't know about UT being #2, but I don't think that you can drop them too low, as we do have several pieces returning from an undefeated championship team, and many of the top ranked teams are losing key players, and as someone said, ND returning some their defensive players isn't really a plus.
I would think that the coaches poll would be more reflective of voting a defending champ higher, and I also think that the coaches poll would differ from the AP poll in voting teams like WVA higher because they have an easier schedule, and an easier road to the NC game (that seems to be more of a media stance.) The coaches seem more likely to rank the best teams higher, not who they think can go undefeated. If they think that UT is going to lose to tOSU, but that they are better than any other team, than they should vote UT 2nd. Sure they would drop in the polls after the Sept. matchup, but no reason not to vote them No. 2, even if they think that they will lose their second game of the season, to the team that they rank no. 1.
If I was a voter, right now I would have tOSU and UT close to the top, after Sept. 9, one team drops, no big deal. Let that game decide which one gets to be at the top of the polls going into conference play.