I would venture to say that if Texas lost Young to injury, they would still be just fine. Not taking anything away from Vince's not-human athletic ability, but Texas is too deep and talented to fall completely flat on their faces after losing their starting QB. Matt Nordegren (sp?), their backup QB is a pretty darn good pocket passer anyway.
I wonder, given the hypothetical situation of:
1. Texas (11-0)
2. USC (10-1)
3. Ohio State (10-1)
and USC and OSU more or less tied for second place, would the pollsters want to see USC try for the three-peat, or a rematch between Texas and Ohio State? I'd go so far as to say the Rose Bowl committee would be killing for a Texas tOSU rematch game simply because of the sheer revenue being raked in from both schools and their fanbases. The two largest schools in the nation with the two largest fanbases play each other for the national championship. The viewership of the game would set records, easily. Wasn't last years Alamo Bowl the 3rd or 4th most watched bowl game for the year?
Having said that, I'd rather play USC in the Rose Bowl, if God somehow grants us the chance to do so. If both Texas and tOSU were somehow completely out of the NC hunt, you'd better believe the bowl representatives would be scrambling to figure out a way for the two schools to play each other in a rematch.