It is correct to say that the program used to estimate the game outcomes is only as good as the input. With no games played this season yet, there is no way they can input data on the current team. This 5-7 record is based upon statistical data gathered from last season.... basically, they are giving statistical results based upon the 2005 Vols and all the other 2005 teams playing a 2006 schedule.
Based upon the previous prognostications, whenever the computer predicts a 10+ win season for the Vols, the Vols fell short 5-out-of-6 years. However, when the computer selects less than 10 wins, the Vols exceeded expectations in 5-of-6 seasons, winning 10+ games in 4 of those seasons.
The better way to interpret their selections is to compare the actual results from the previous season to the preseason projections, ie the computer projected 11-0 for 1999 and the Vols were actually 11-0 in 1998.
YEAR Proj. ---- Previous(actual)
1994 10-1 ---- 10-1
1995 9-2 ---- 7-4
1996 10-1 ---- 10-1
1997 10-1 ---- 9-2
1998 9-2 ---- 10-1
1999 11-0 ---- 11-0
2000 9-2 ---- 9-2
2001 9-2 ---- 8-3
2002 10-2 ---- 10-1
2003 8-4 ---- 8-4
2004 8-3 ---- 10-2
2005 10-1 ---- 9-2
2006 5-7 ---- 5-6
Basically, the computer program is good at estimating a previous year's team against the following year's schedule.