That's more a take on how poorly they have done hiring coaches than how poor a program they are. Fred has as much opportunity to succeed there as he had at Iowa State. Both were failing year after year to make the ncaa tourney. Both have good fan support in their home arena (Nebraska averaged 15,492 per game last year, good for 11th in the nation while ISU averaged 14,121 per game, 19th in the nation last season). Same recruiting pool.
If Fred wanted to do "better" than this, my guess is that he would have. He could have tried to get other jobs such as the UCLA job, etc... He took the job he wanted. Good for him, good for Nebraska.