I profiled what PJ Fleck has done to turn (initially) 1-11 Western Michigan into an undefeated squad this season over at SB Nation.
His offensive approach reminds me some of what Herman has tried to do at Houston or what Jim McElwain tends to do. It's a "bellcow" spread system, meaning that the goal is to get the ball to the best playmakers as often as possible.
Consequently, he puts a major emphasis on recruiting so as to get bellcows to campus that he can emphasize in his offense. With that strategy, the success he's had in it, and his emphasis on energy and branding he seems like a really good fit for a major program.
If I'm Oregon I think about giving him as long of a look as I'm planning on giving to Scott Frost.