The bloom was already off Tim Tebow when he had a relatively mediocre senior season at Florida. The media and the NFL insiders all had him pegged as a great athlete, inspiring guy and an awkward fit in the NFL. He was a third string quarterback with a large Christian following, a low risk for the Broncos, at that point only slightly more hyped than the other Heisman-winning quarterbacks who never sniffed a legitimate NFL start. When the Broncos turned to Tebow in desperation, and he started winning a string of games that they really didn't deserve to win and suddenly you wonder if God is having a little fun with us, that's a good story. When Tim Tebow beats Ben Rothliesberger in the playoffs, there's nowhere to run.
When Denver cut him loose anyway, because John Elway just couldn't stand the thought of Tebow defining the quarterback position, that's a good story, too. When Tebow goes to the Jets, where everyone is already waiting for Rex Ryan and Mark Sanchez to implode all over the nation's biggest media market, that's a pretty good story as well.
I'm not sure the Tim Tebow story is overhyped at all.
And don't feel sorry for Tim Tebow. He's been very good at using the media to his behalf and will enjoy a career beyond football.
Also, he gets to score some amazing trim.