Yes, really! Texas has lost three games by a combined total of nine points and has beaten OU. They could very easily be undefeated. That said, what seems to be making you and others so disappointed is that Texas was being mentioned as a CFP team. They're not even close to being good enough for that and that has disappointed the people who believed that hype and had these unrealistic expectations.
Herman is making huge strides in getting Texas back on track. They're going to be fine. This turn around isn't going to be a quick fix. Texas has very little depth and doesn't have the type of QB that fits Herman's system. I believe that Roschon Johnson is that QB, and he'll be here next year. Also, the OL, DL, RB groups are very average and have no depth. Tech, ISU and Kansas are very beatable. I think that the Horns will be focused and will win their last three games. The sky is NOT falling and the glass is half full on the 40 Acres, IMO.
Hook'em!