First time poster (and a Badger fan). I think this is a great hire, any time you get a respected coach who runs a program the right way, its the only place to start. 2nd task is to get a product on the field and Nebraska can certainly do that without too many problems.
To give a little background on Riley, he is the mentor to former UW OC Paul Chryst - one of the most respected offensive minds in the game. There is a lot of power running, heavy use of FB's and TE's and a very creative downfield passing game. At UW the OL does it all, a lot of pulling, some zone, a 2nd tight end plays H-Back and motions or pulls into the holes to give additional power at the point of attack. The run game is powerful and creative and gets defenses leaning...with the right QB this offense can be dynamite. Nebraska will need to find a QB that can get it downfield but even a serviceable QB is good enough to win games, mobility a huge plus. The OL should be excited as hell about this hire, RB's should be knocking down the door to get their share of carries at a storied program like Nebraska. Its not an overly sexy hire and demanding championships is a bit unfair, even though I think winning the West will happen for your program very soon (not as certain about a B1G championship in 3 years or whatever I'm reading on this board). My fear as a badger fan is that things don't work out for Paul Chryst at Pittsburg and he ends up at Nebraska under Riley as offensive coordinator. That would suck for Badger fans.
Riley can flat out coach if he gets the players. Nebraska is far better than Oregon State in terms of prestige, they should get no worse players than WI and that type of player is plenty good enough to win games. I'm 46 so I'm neither real old nor real young but I respected the way Nebraska ran a football program in the Osborne years - not so much the winning as the class. I think that is fully restored under Riley. Its a huge upgrade for your University if he wins 9+ games a year, winning is important but its about more than that at places like WI and NE. He's the type of coach that restores pride among former players, boosters, students, alumni, etc.
I do think a big key will be who gets hired as defensive coordinator, its critical that he gets it right. From my cheap seats you guys just didn't adjust on the field - that's on the coaches. I'm sure Pelini knew how to scheme an opponent but he sure as hell didn't know how to adjust to that opponent once the game got underway. I'm in the camp that the B1G can be a beast of a league if Nebraska returns to its glory, if Michigan returns to it glory, if Iowa can regain some swagger and teams like Minnesota, Illinois and Maryland continue to improve.
Congrats on the hire, I hope works out for the University, the state of Nebraska and the Conference as a whole.