Ted's never been anywhere near perfect, nor has any other GM. However, I still wouldn't trade him for many other GM's in the NFL. The guy consistently puts a unit together that has a chance to win every week, and was looking like a true Super Bowl contender before Rodgers went down. That's the results of a very good general manager.
If Aaron Rodgers can come back healthy relatively soon and the Packers squeak into the playoffs (which will probably be the case), the Packers will be poised to make a deep run, and could very likely win another Super Bowl. It could be better, sure, but other than the injuries, it's hard to complain. There's not many teams, if any, I'd rather have than the Packers, especially now that it has one of the best rushing attacks in the league.