Hey Allen,
I am from Austin, Texas and believe me when I say it doesn't fit your stereotype of Texan town. It is an awesome city with a lot of young people, art, music, and of course a big film scene. As for UT itself, I know a lot of people who have gone there and had a great experience. It is a strong program that is taking a lot of steps to offer some unique opportunities in the future. It really comes down to where you want to work: if you want to be in Hollywood, USC is better, if you want to do indie stuff in a more collaborative, laid back cities, then Austin is a great destination. USC is much more industry, Austin has a great doc program and a strong base... but no amazing Big Studio connections. All this being said, I am headed to USC and didn't apply to UT, even though I think it's a great school for some filmmakers.