The theory behind the spread offense of today isn't any different than the wishbone/triple option offense of half a century ago. Back then, it was the elite schools just lining up and forcing the ball right down your throat, over and over and over again with their size/strength advantage.
Teams eventually caught up to the size/strength disadvantage. In the first half of the 1900s, service academies had a HUGE advantage with their superior endurance training. Army and Navy were very elite. Once you get to the post-WW2 era, most teams were running and could match them in endurance and then the big advantage became strength(kids in the midwest and south growing up on farms, and being able to throw people around) Think of the dominant teams of the 60s and 70s, the Oklahomas, Nebraskas, Ohio St, Michigan, Alabama. They had massive lineman who just tossed other teams around like ragdolls. With todays health science, strength and endurance is everywhere, now the only somewhat non-teachable commodity is speed, and that is the currency of current college football. The elite teams that have the elite speed want to outrun you.
Nowadays, the spread/triple option isn't used but by a couple programs, and it only works there because it is such a completely strange anomaly that it works from the sheer surprise factor. The hurry up will probably be the same way in 5-10 years. Once everyone is doing it, and everyone is practicing against it, everyone will be able to defend it and teams will have find something new.
Honestly, college football has never been about who has the best coach, or who runs the best scheme, it comes down to out-talenting the other guy more often than not. Sure, once you get to the top 5 to 10 programs, they all have elite talent and then at that point something like coaching can make the small difference you need, but for 90% of teams in college football, the more talented team is going to win WAY more often than not. I mean, we all bag on Texas for what they've done with their talent over the last couple years, but they can still line up and win purely based on talent against probably 90 of the 120 D1 teams any day of the week. On the flip side, give the Georgia State roster to Nick Saban, and they still aren't a good team. Talent means everything.