Take a look at this "Basketball Power Index" graphic. Based on what it says, The BPI states we are the 2nd best team between the South and West regions, and only slightly behind Kansas. It gives us 72% chance to win on Thursday and a 39% chance to go the Final 4. KU is only slightly favored over us at 43%. I guess we're viewed a pretty damn good team.
http://espn.go.com/blog/statsinfo/post/_/id/115391/bpi-chances-to-advance-sweet-16
http://espn.go.com/blog/statsinfo/post/_/id/115391/bpi-chances-to-advance-sweet-16