Cincy's already ranked over Texas in the computer rankings; wins over WVU and Pitt will only help that. The human polls are going to be critical, though. Texas getting into the title game over an undefeated Cincinnati because of the human polls would likely cause a substantial uproar.
If Cincy loses that game, I think they're still in at this point considering the lack of competition. Pittsburgh will be much more questionable. It will probably depend on the style points they get the next two weeks against ND/WV and how close the game is against Cincy. There's also the legitimate possibility that Cincy goes to the national championship if they go undefeated. They have a much better OOC resume than Texas and Sagarin has the Big East as a better conference than the Big 12.
I'd be interested, although the fact that he hasn't played CF with any regularity in the majors gives me some pause. However, he's been a good enough defender in LF that I'd imagine he would be a viable option in RF at the very least.