I think (read: hope) we can all relax - this seems like a mini version of what we go through with nearly ALL of the big recruits each year. This one is just early.
Here's what I've gathered, in a nutshell.
Ohio State fans are optimistic because Bemoll said he'd commit to the Buckeyes if and when he heard Sanchez was coming to Columbus.
UT fans are optimistic because he had a great visit (which he also had here) and there is a poster with a moniker that in some way has to do with testicles saying he's sure Sanchez is coming to UT.
USC fans are optimistic because PC is a great closer, and they've had a heck of a shot at him very recently. That's all well and good, but remember he's a home town kid that hasn't already committed to the Trojans. That, to me, says a heck of a lot.
Anyhoo, speculation is grand, but let's just sit back and let it unfold. Many of us (myself certainly included) have a tendency to infer the worst from what we read on these forums.
From all the information I've seen regarding Sanchez, we still have as good a shot as anyone, if not better.
Go Bucks!