The season is very close, the top 25 polls are out:
https://www.espn.com/college-football/rankingsThoughts and feelings for your team and this season?
It seems like it'll be another year of the Clemson/Bama show overall which is kind of uninteresting at this point, would love to see another team knock those off, but it just seems unlikely.
PSU should have another solid season, but they are not a championship team this year. New QB means growing pains. The defense might be really good which will keep them in games and allow them to win more than lose, but I don't see them beating Michigan or Ohio State this year, so if they can get passed Iowa and Michigan State, a 10-2 season is possible, but I think 9-3 or 8-4 may be more likely for the younger team. 9-3 would likely put them around #15 where they sit in the preseason poll so that seems legit to me.
Coach Franklin has pulled in tons of great recruits, some of the best classes ever at PSU, but if his assistant coaches can't coach them up, heads are going to need to roll in the off season. The talent is too good here to be out coached by Michigan State again this year. I think that would be the hardest loss again this year if that happens. The offensive coordinater needs to improve this offense with his young talent. I don't think Franklin himself is on the hot seat, but he will be pressured to make necessary changes as he did a few years ago (but sadly those coaches went on to become head coaches so that leaves us here).