Paul Myerberg did his preview for Michigan:
In a nutshell: The Wolverines are very close to being the most complete team in the Legends Division, and likely the second-most complete team in the entire Big Ten. Nebraska has a positively superb offense but is long on question marks defensively. Michigan State's defense is superb, as always, but the offense remains a major issue after last season's distressing struggles. Meanwhile, UM has a good-to-strong offense – solid with the potential for more – and a young yet productive defense. Basically, Michigan's offense is not as good as Nebraska's, nor is its defense as good as Michigan State's – but combined, this is the most complete team in the division. The issue is that the Wolverines are extremely young.
My take: Michigan goes no worse than 9-3 in the regular season but no better than 10-2, losing at least twice from the group of Notre Dame, Nebraska, Michigan State, Northwestern and Ohio State. While there's tremendous potential nearly throughout the roster, I'm not overly confident in UM's ability to factor into the championship race. But Pasadena is very much in play, with that coming down to two factors: one, whether UM can take care of business against Nebraska, and two, whether OSU runs the table. The team has that ability; Michigan might also be a year away.