Not until we are sure he won't be back in some official capacity with another school. I wonder if he is still being paid by OSU. Otherwise if he meets the criteria I would have no problem with it.
Does Urban Meyer Deserve a Spot on the Ring of Honor? Yes
Should Urban Meyer's name be on the Ring of Honor? The should is much more problematic to me.
I agree with you that after he is 70+ and not working for another program, then maybe the ring of honor would be right for him. As of now I expect him to be at UND next year.
UF might also be waiting to induct him because really, is anyone else even close to getting in? he's the last person eligible and it might be decades before someone else is.