That statement would be false if Texas ends up being a top 25 team. Pretty plain, pretty simple.
No it wouldnt. They did not deserve to be ranked in the Top 25 preseason. If they win enough later on to earn a top 25 rating they will deserve it then but it doesnt retroactively make it more reasonable when they were coming off a 7-6 season. Their ranking was based on name nothing else.
Pretty plain, pretty simple.