Does there really need to be a stack interchange there within the next 10 years? They could simply just add feeder roads, make them intersect, and then build a bridge for 45 over the entire thing, looking something like this interchange:
https://www.google.com/maps/@29.6133881,-95.4935916,16z/data=!3m1!1e3
That would be much simpler and much more cost-efficient than building a full-blown stack. Then if they wanted to, they could build the ramps over that to complete the stack in 10-20 years or so, unless that interchange really needs a stack.
The reason I think a stack is required at the 45/I-35 intersection has less to do with total volume and more to do with direction of traffic (but the volume is probably high enough to justify it alone.)
Traffic heading North on I-35 is coming from the suburban cities of Buda/Kyle, both of which have grown at a blistering pace in 2000s and are continuing to grow. Much of this traffic will be heading onto 45 Westbound to access The Domain and other job centers along Mopac in West Austin. Not as much will head Eastbound on 45 but that flyover already exists so it's not relevant.
Traffic heading West on SH 45 already has ramps in both directions so it's irrelevant, but there's a lot of open land along 45 in that direction that has future plans for more homes.
Traffic heading South on I-35 will be coming back from Downtown and other East Austin job clusters, and they'll want to get to their homes around Hays and North Buda which are difficult to access from existing I-35 crossings but easy to access from FM 1626 on SH 45 Westbound. Eastbound 45 will again be in lower demand but that will change with the new construction planned out East.
Traffic heading East on SH 45 will want to go home to Buda and Kyle, which would demand a SB I-35 connection. Frankly the EB 45 -> NB I-35 flyover probably isn't needed at this point but with more development spurred on by 45's extension it might eventually demand it. All the other ramps have enough existing traffic that would shift to the connected SH 45 to warrant them.