I can't see any reason for keeping Bo either. Let's look at his legacy in 5 years:
1) Embarassed himself and the program on National TV (Texas A&M 2010)
2) Track record of "buddy" hires of unproven assistants. Either Bo doesn't want to hire experienced guys because he feels threatened, or none of the experienced guys want to work for him.
3) Recruiting has dropped off. Callahan brought in better recruits. He may not have coached them properly, but he still recruited better.
4) Nepotism. Cotton's offspring continue to get scholarships.
5) Top talent that does come, leaves. Klachko (sp?), Moore.
6) In-state walk-ons are given away scholarships that could be used on more talented players. I know this is not a popular view as many buy into the myth that walk-ons won all 3 championships for Nebraska in the 90's, but not one other successful program in America has as many walk-ons or former walk-ons starting as Nebraska does.
7) Constantly blames the players for not "executing." Not once has Bo admitted or tried to admit that a poor game plan contributed to a loss. That is a lack of accountability.
8) Blames the media (social and print) and fans for the ills of his program. In many instances he has complained of the microscope his program is under.
9) Is hostile in press conferences after losses. Generally comes across as very boorish.
10) Big games = big losses.
11) Has lost at home every year so far to an unranked opponent. Could still happen in 2012.
12) Has not yet fired a single assistant coach for poor performance. Everyone criticized BC for holding on to Cozgrove in 2007 and not firing him. Bo is / has done the same with his underperforming assistants for 5 years (exhibit A = Cotton). You can't have it both ways.
The program is trending downward. The defense had the advantage of Dennard and David covering a lot of mistakes in the last couple of years. The offense has shown signs of life, but is still very error prone. Nebraska is also playing it's weakest schedule since probably 2003 as only 1 opponent is currently ranked (Ohio State). Massive changes are needed to right the ship. Continuing in this direction any longer will only continue to keep the program down longer. It's time to cut our losses after the Iowa game (if not sooner).
To those who believe I'm wrong, let's revisit this after the next 3 games. This team has maybe 1 win at best against NW, Mich & Mich State, and may very well end up losing all 3. I hope I'm wrong, but I fear the worst is yet to come in 2012.