Substitute "we are Michigan" for "we are Ohio State" and a lot of these posts could have come from the greater Ann Arbor area a few years ago.
Here's a beautiful part of all of this: Fickell is available to continue. We don't have to rely on Gene Smith pulling a rabbit out of his hat and landing Urban Meyer, and failing that end up stuck with our own RichRod. Smith can strike out a dozen times, get told "no, I want to watch my daughter play volleyball" or "golly gee, mister...that's a great offer, but I'm super gosh-darned happy right here in good ol' Boise" and we still have a coach.
We can take a run at a lot of guys, knowing that the option of keeping Luke exists. Maybe even get crazy and call Les Miles or Nick Saban. There's no great rush.
So that's a win-win. Fickell has had some rough moments (Miami, Nebraska) and may have some more, but he still has a shot to get this team to a B1G title game, or even yet another conference championship under some pretty adverse conditions and saddled with a sub-par offensive staff that's not of his own choosing. Lots of coaches would have lost this team this year.
That said, I don't think he can "win" the job at this point, barring perhaps a Rose Bowl berth and victory. If he stays on for a longer term contract, it's probably more due to striking out with our top candidates.
Once past the top four or five no-brainer candidates, do you take Beckman at Toledo over Fickell? I am not so sure about that. There's a line somewhere and I'm not sure where it is. I still think Brady Hoke was a massive reach for Michigan, and I wouldn't want to see us hire someone from the outside who has that kind of resume. Even a single mediocre season at Ohio State is more proven-by-fire than five average years in the MAC, in my IMO.