My thoughts, FWIW...
Before the season started I was hopeful that we could be 7-5 and go bowling with the team as it was assembled and the PAC-12 as I thought it would shake out. The fact is if you had told me that AZ would have a Heisman level QB, AZ State would not be anywhere near as bad as we thought, and even Cal would show some life- I might revise my prediction. Further, if you told me before the season started that we would lose Javier Edwards, Oliver, Tim Lynott, Nick Fisher, and Udoffia for extended periods of the season I might revise that prediction down to 5-6 wins.
Point being, context is important when looking at the results. This in no way excuses our awful run defense or inability to close out some close games, but it provides a bit more critical thinking than simply saying that last year was luck and we should be happy if MM moves on. The guy was the consensus national COY last year and I think we will be fine going forward, as long as recruiting in the trenches picks up. Also, I don't think that CU is in the place yet where our trajectory is clearly up enough to snag a top coach if Mac did leave.
I had CU at 8-4 before the season.
The OOC was cupcake, 3w's was the only acceptable outcome, fortunately, CU did that.
In conference, I saw SC and UW as no hopers, check.
So in 7 conference games left, OSU and Cal were near gimmes. Again check, although CU nearly shat the bed against an awful OSU team that was a missed FG from sending it to OT.
WSU and fUCLA were the two of the remaining that I thought CU would likely struggle. I was right, with CU embarrassingly losing in Pullman.
I felt that ASU, AZ and Utah were not very good teams and CU should beat them. So far, Laguda unleashes perhaps the most dynamic player in CFB by knocking the very pedestrian Dawkins out of the game. Ok, nobody saw that one coming and Tate was unleashed on a completely hapless CU run D. CU refuses to accept ASU's offer to lose, and the D lays down allowing ASU to average a city block per rush in the 4th, turning a 10 point lead into an 11 point embarrassment a la HaLk.
2 out of three winnable games are L's. The only thing standing between CU finishing the season with any dignity is a "down" Utah team on the road. The loss to AZ moved CU's upside to 7-5. The lay down to ASU moved the needle down to 6-6. A loss to Utah would end a craptacular season. A win prevents embarrassment, that's about it. If CU can get bowl eligible and win the Aqua Velva Bowl, then I suppose there is a fig leaf to hide behind.
Whatever goodwill was left in the tank after last season was splattered all over the field behind Demario Richards cleats in Tempe.
That is how I see it.