Munoz is still a solid fighter. He bounced back from adversity (and obesity), still finding his grounds against Boetsch and got put in front of a re-invented Lyoto Machida, one of the most intriguing fighters to compete in MMA.
The result was more than expected and although I don't think he'll ever wear gold, not only by champions UFC is made, so there are still plenty of fights he'll be able to compete for our entertainment.
"In GOD, we trust. Everything else, we check."