The Longhorns were ranked 24th in the country by the ranking that helps to determine not just who plays in the national championship game, but also who receives the at large bids for the final season of BCS games.
Texas hadn't been ranked in any of the major polls since losing two of its first three games, falling in back-to-back weeks at BYU and to Ole Miss at home. But the Longhorns have rallied since then, and are 7-2 overall and 6-0 in the Big 12 conference. But despite the fact that the Longhorns are tied for first in the league, Texas is actually fourth among conference teams in the BCS rankings. Baylor (5) is first, followed by this week's opponent Oklahoma State (12) and rival Oklahoma (18).
Barring a major (and unlikely) jump in the polls, Texas won't be eligible to pluck an at-large BCS spot, so the polls are mainly for image purposes for the Longhorns. Of course, should Texas win its remaining three games — two of which come against Baylor and Oklahoma State — the Longhorns would play in a BCS bowl as the Big 12 champions.