I think Lee has a lot of potential he just needs his wits about him in the pocket and recover from the surgery. I think he plays similar (in some instances..) to Ganz, and in others (like the inconsistency..) to Sam Keller. This is arguable. But that's my opinion, Ganz played with all heart and even with his mistakes he tried to be better, Lee seems to share the same mentality but it ended up being for the worse majority of the season.
But also, mind you, a lot of times when he was pretty on-the-ball per say, the recievers weren't helping with dropping passes, FUMBLES (some by him), it's just the Offense as a whole needs to be better well rounded.
As for the QB option i think a lot of the QBs will get in on the Spring Game, but the xferring probability is high. I think Lee will keep the job starting the season since he's a senior, depending on his ability this year will determine that. Cody will bring up the 2nd job once again just because they already burned his redshirt and he has Some experience under his belt. But potentially seeing some play-time by Spano/Washington/Carnes/etc. if the play calling by the coaches calls for their skill-sets, and whoever stays after starting positions are announced.