This was a brilliant move by Texas. Muschamp is going to be a very good coach right now, and will be a very good coach in the future. Coaches can't go forever, and I don't know why many would want to. Locking up stability in a program with a great coach waiting in the wings is the way to go. Granted, they have a lot of advantage by having an absolutely ridiculous budget to work with, but whatever.
I wouldn't be surprised if we saw something similar happen at Oregon in the next few years. I don't believe that Chip Kelly is ready to take over as the HC of a major program yet, but he has a lot of potential and is a very good football mind, and teacher, I believe. Oregon would do well to follow this path when Bellotti feels like moving on.