I'm not saying it means a lot based on our opponents (on the other hand, everyone has a pretty easy nonconference schedule these days), but here are some more in-depth stats:
Offense
Total Offense = 87
Pass Offense = 97
Rush Offense = 44
QB Rating = 102
Sacks Allowed = 89
3rd Down % = 86
Red Zone Offense = 44
Defense
Total Defense = 76
Pass Defense = 108
Rush Defense = 33

Sacks = 116 (tied for last place)
3rd Down % Allowed = 102
Red Zone Defense = 37
Special Teams
Punt Average (NYPP) = 8
Kick Returns (total yards) = 55
Punt Returns (total yards) = 85
Other
Turnover Margin = 78
Penalty Yds per Game = 44
Surprisingly, the only standout individuals are Punter Dan Orseske (sp?) and DB Kim Royston, who has the 12th most solo tackles (and 22nd most tackles overall) in college football and the most of any Big Ten Player (but he isn't in the top 100 in passes broken up/intercepted - which means he tackles his guy after letting him catch the ball).
What stands out to me as our greatest weaknesses are QB play, pass defense and 3rd down defense - if we could make some progress on those 3 things, I believe we'd look a whole lot better.
Sadly, the only stat that matters is 1-3.