I was just down in Austin this pm, and was kind of surprised. I hadn't been down on the drag in probably about seven or eight years, and the students have changed so much. Punk is dead. The students were wearing clean, decent clothes, and the stores on the drag weren't the screwball stores from a few years ago, but basically sub shops, mexican food restaurants, etc.
A lot of the profs are still Che fans, but the students are increasingly conservative.