They have a good defense and some young talent on the offensive side of the ball. Also would not surprise me in the least to see them release Bradford (IF THEY LIKE SOMEONE IN THE DRAFT) and go with Manziel/Bridgewater/Bortles at 2 instead of the pick everyone in the world has mocked to them in Jake Matthews.
They're not a bad team. They're the worst team in the NFC West, but they'd probably be the second or third best team in many other divisions. Championship caliber? Certainly not. Horrific? No. Not as long as they stay healthy.