3 point road loss to TAMU. That really isn't a huge strike against Florida if they can fix their defense and keep winning. The Georgia game is going to mean everything once again for Florida. 
I considered dropping Florida a touch further, but honestly can't justify it yet. I think their team is still pretty damn good, and A&M is a competent team when Mond is playing like he did.
The SEC doesn't play defense anymore. The most interesting thing about Florida a year ago was its balance, but this team is terribly one-sided now and that was on display when TAMU started moving the ball late.
Florida is probably a better team that this, and that will show as they keep getting wins, but right now they are 2-1 with wins over Ole Miss (1-2) and South Carolina (1-2).