This game was a perfect reflection of the year.
There is a group of reasonably competitive middle-of-the-pack teams in the conference. Minnesota is one of them. PSU is slightly better than these teams. It is a solid Conference #3.
A Conference #3 would not be good enough to get voted into the previous Top 4 playoff system. I would expect that this will be confirmed on the field this year. Reaching the Final 4 is unlikely. It is much more likely that this year will be like most other Franklin years. Respectable, but not good enough to win a Big Game against a complete team that has had time to prepare.