Squandering talent, and having it drop off are two different issues. One is coaching, the other recruiting.
Year, record/sec, bowl, coaches and ap final poll
2001 8–4/5–3 T–3rd (East) L Music City 25 22
2002 13–1/7–1 1st (East) W Sugar † 3 3
2003 11–3/6–2 T–1st (East) W Capital One 6 7
2004 10–2/6–2 2nd (East) W Outback 6 7
2005 10–3/6–2 1st (East) L Sugar † 10 10
2006 9–4/4–4 T–3rd (East) W Chick-fil-A — 23
2007 11–2/6–2 T–1st (East) W Sugar † 3 2
2008 10–3/6–2 2nd (East) W Capital One 10 13
2009 8–5/4–4 T–2nd (East) W Independence — —
Finished out of the top 10 three times, including year one. In fact, his only real drop off was last year, after losing an overall #1 draft pick at QB, and a first rounder at RB. I've always said this, and will continue...if at Auburn, we could maintain 8 wins as a low water mark, I'd keep a coach that could do that, AND compete for the SEC and win one for every 8 win "down season". In coaching and in football, shit happens...you can't, no coach can, maintain championship level talent and play EVERY year.