Patterson is a supersized Percy Harvin. Like LonghornsLegend is saying - he's going to be putting points on the board immediately, even if it's not by running a beautiful route past Darrelle Revis. What do people have against lining up a player in the slot? He'll be devastating catching short passes and running with it, because he's big, fast, instinctive and physical, and can change directions in one step without losing speed.
Those attributes don't prevent him from playing outside, but they mean that he'll be a contributor immediately, even if it's in the slot, running fly sweeps, returning kicks or even just lining up in the backfield. Wouldn't be surprised at all to see teams try that. He's an all-around weapon already and has tons of room to improve. He was thrown directly into the best conference (by a significant margin) in the CFB world, and from the first game he's been getting away from defenses for big gains. He's got plenty of work to do to reach his potential, but anyone who looks at the tape can see that the potential is astronomical.