Last season I was ready to bench him in favor of anyone. As I have been able to add some distance from that time I have softened my views some. Colt will never be close to Vince and that is a tough spot for him or any other qb. Yes he played really bad at times, but Vince had his moments too. I think the leadership questions are a bit unfair. You can't measure it like arm strength or turnovers and because it is completely subjective, we fans (not in the huddle) are in a poor position to evaluate it.
We can all recognize that season 1 with Colt was much better than last year and here are some thoughts as to why. First, in year one they ask him not to get in the way. They did not want him to lead, only not to cost them the game. This was ideal for him even though in involved a dummied down offense that let the talent around him flourish. Last year, at least initially, they asked him to do more and with less experience around him. In this setting he had some really bad moments. He made many poor decisions that seemed to come in waves. One mistake led to another and the problem was compounded. With the talent available to him, he did not progress from year one. This is not all his fault.
I think with Colt, we have a hard worker who can't claim to have an above average arm, above average running skills, or even above average decision making skills. He has a big heart and the coaches need to realize that that is the reality of Colt. My fear is that without an established stud RB, the staff will again ask Colt to do more than he can or should be asked to do. There is no reason that Colt can't be successful and even get us back to the BCS, but we can't ask or expect him to become VInce because he can't.
IMO this is the biggest challenge GD has had here at Texas because the options are limited and the shortfalls overt.