I live less than a block from a #2 bus stop now, so I've ridden it a couple of times to and from the university. During rush hour, there's hardly any standing room. I haven't heard any complaints yet, but I'm sure the charm of being in an overcrowded bus will wear off eventually.
As I've mentioned before, i would welcome a hub to university line. There are issues with running too many trains downtown, as electricon has mentioned, but I'm hoping UTA can find some kind of solution for this.