I am surprised by the hype. Oregon is Lanning's first head coaching gig. He hired a bunch of recruiters (as did Cristobal before him). There have probably only been a handful of games in his tenure where he hasn't had a player talent advantage. 1st game against Georgia they (UGA) definitely had more talent. UW last year could have been more talented...or at least pretty even. Last year he obviously lost the 1st game against Georgia. He also lost to UW (seemed like their staff out coached the Duck staff) and Oregon State [I can't remember all of the details...(Bo Nix played injured?)]. He also lost to UW again this year with 3 or 4 aggressive (his spin on it) 4th down calls.
He is doing a much better job than Cristobal. He has made some aggressive moves (4th downs) that he stands by, but has been really good at managing the clock. He is young and pretty good but still gaining experience.
AD was being interviewed on local radio about the extension. The AD tried to downplay the way Kelly, Taggart and Cristobal left being a direct cause of the extension with a bigger buyout but it seems pretty plausible. The AD was selling Lanning as impressive with his vision for NIL, Transfer Portal etc. and the way that college football is going. Lanning has coaching potential and an upside, but with the talent advantages he has had, it is still too early to really know conclusively.