Franklin really is an excellent fighter- strong, well rounded, in good condition. It's not his fault that in the period he was coming up he wasn't exposed to the top tier of competition.
That first fight with Anderson Silva was, I think, mainly one of those fights where the guy's head is in the wrong place and when the fight goes in an unexpected direction, instead of adapting he just freezes up. It happens quite often. I would expected Silva to win the rematch, but I would expect it to be more competitive.
It will be interesting to see how much Franklin improves fighting against better competition. And I agree- I want to see Rich versus Nate, too.