No, its great. Having a hall of fame quarterback talent does not result in multiple SB wins automatically - even if the franchise is/was being run very well. The Packers are, and always have been a very well run franchise, and still, they "only" went to 2 superbowls with Favre, and won "only" one. They now have another hall of fame QB, who's been in the leage now since 8+ years, and they have 1 single SB run in his timespan. Its far from automatic, even if everything is going well. There's only a handful of dynasties in league history, winning multiple superbowls. It's once in a generation story ... even with a hall of fame caliber quarterback.
Let me tell you some other stats. Do you know how many QB's in history have multiple SB starts? Not wins, just starts? Well, the number is 19. And 8 out of them have 2 only starts. Not wins. Starts. And amongst these, there are QB's like Eli Manning, Plunkett, Dawson, Roethlisberger ... and Russell Wilson, who's been carried there by their great team. So, a number out of these 19 are perennial hall of famers themselves, but a very few of them are true generational talents. Only Brady, Elway, Montana, Favre, and maybe Bradshaw and Bart Starr fall in that category. Favre has 1 ring. Who have more? Well, Brady, Montana, Bradshaw, Elway. They all played for a dynasty. All were very lucky that their carreer and the peak period of their franchise matched in time. What about Manning? He's had probably the strongest competition of all during his carreer. He had to play his entire carreer in a conference where one of these dynasties peaked (Patriots). So even getting to the superbowl wasnt a "given".
All in all, for me even the word "horrible" sounds insulting speaking of this 18 timespan. I feel blessed, that I could wittness this great period, even if it "only" resulted in 2 suberbowl appearances, and one ultimate win.
I have to add, that despite i feel frustration recently, and hate to see the controversies we see nowadays, I still feel blessed to wittness the Luck era as well. The Colts have been in the playoff 3 years in a row, played one conference final. That is more than most fans of most other franchises can ever hope. And even if things look bad now, Luck is still young, so no matter how long will it take, the Colts will be competitive again eventually, and will be competitive for probably another decade. Which means that - including Peyton's era - i am a fan of a franchise, which was / is / will be competitive during almost my entire adult life. Holy crap .... do I need to say again I feel blessed?