(edit: post-Gator Bowl blowout section added below)
I'll keep this brief:
Michigan should, without question, keep Rich Rodriguez on as head coach next year.
One caveat: Fire the entire defensive staff and give the new D-Coordinator autonomy to hire his new coaches.
There are plenty of reasons on either side, and I'd imagine that plenty Michigan Faithful want Rich Rod gone. One look at the FanPosts and the MGoBoard makes this pretty obvious. But don't overlook the several reasons why Michigan needs Rodriguez next year, and hopefully for many years after that, provided we see more improvement.
At the very least, wait until after the bowl game before bashing him.
Brief thought after the Gator Bowl -
There's an awful lot that's happened in the last month. I find myself wavering on the statement I made earlier. On the one hand, it's tough to stomach another huge recruiting hit and a major program exodus for the second time in four years, but RR's teams just can't seem to win big games. I don't care if he's a Michigan Man or not, but this season might not have shown enough improvement to justify bringing Rich back next year. Offensively, there are questions, and defensively, there are no words. Is it best for the program to cut its losses and bring in a new coach? Let's hope Brandon makes the right decision, but it's one that won't be able to be judged for a while. I'm certainly not as pro-RR as I was a month ago, and at this point a coaching change wouldn't make me mad. If RR is to be retained, some concrete decisions need to be made regarding coaching, recruiting, and the QB/RB situations now, not later.