A lot of stuff doesn't show up significantly enough in stats, like the overthrows against FSU and some of the other gaffes that I don't care to wrack my memory to try to remember...
Is he horrible? No. Will CU win 10 or even 8 games with him at QB? I have questions, particularly in a passing-oriented offense.
Teams that can get away with having mediocre QB play and still have great seasons are teams that have great defenses and great running games. Our run game is promising and our defense should be competent, at least, but neither can be described as great right now.
The passing game has the biggest room for improvement on this team right now. That includes OL, as well know, but it ALSO inludes QB play.
This has been covered ad nauseum, but those who think that the OL was the only issue last year really see things quite differently than I do. Go back and watch some game tape... OL play doesn't have much to do with throwing 5 yards behind receivers or 10 yards ahead of them when the QB has time in the pocket.
For this team to take the next step they either need to go completely away from the passing game or they need to do something else at QB. Arm strength, accuracy down the field, size, mobility are simply not issues that can be overcome. College teams aren't generally successful throwing 8 yard slants all game. You need to be able to get big plays and move the ball down the field because it is simply unrealistic to expect college kids to be able to consistently string together 10-12+ play drives because there is no big play threat as a result of a QB who does simply not have the physical tools to get the ball to wideouts down the field.
It is no attack on Cody as an individual but the inability to consistently throw the ball down the field is not something that can be overcome due to physical limitations and it will continue to hurt this team as long as it remains an issue. I really do not believe that football teams can be dominant if they can't stretch the field with the passing game. If your only real threat is 7 yard patterns, that puts a whole lot of pressure on the run game to perform against a defense that probably is going to stack the box, play close to the line, and force you to beat them down the field.
Any way you slice it CU's offense was not satisfactory last year and I personally do not think we will take the next step until we can get a bit more out of the QB position.