Both. Edge is a way of denoting a guy who would play OLB in a 3-4 and DE in a 4-3. So it's the guy who plays on the edge of line of scrimmage. It's a better of classifying players because it's not scheme dependent.
Nope National recruiting guys on all three major sites have put in predictions for UT and posters with usual solid info on TOS and here have hinted a commitment will happen soon.