ACADEMICS
Utah is no UCLA, Cal or Stanford, but it has still built a strong tradition in academics, especially within the research field.
The Carnegie Foundation for the Advancement of Teaching listed the University of Utah as a Research I university, a classification given to top schools in the United States which received the highest amount of research funding from the Federal Government.
This is attractive to the Pac-10, because the conference has always prided itself on strong academic connections. In fact, I wager academics is by far the biggest issue the Pac-10 will look at when discussing expansion.
In this regard, Utah ranks lower than the tradition Pac-10 powers, however, good enough to not compromise the conference's academic standing, especially when compared to other potential expansion programs like Boise State, San Diego State, UNLV and maybe Fresno State. Their ranking also is in-sync with the University of Colorado Boulder, which is consistently thrown around as a possible future Pac-10 team.
The University of Utah is a growing academic school and has built a reputation as being one of best research universities in the western United States. Because of this, I believe the Pac-10 will find it easier accepting the UofU than they would have maybe 10 or 15 years ago. And their advancements in the academic realm certainly does not hinder their chances.