The fact that we haven't heard anything about a contract renewal isn't a good sign, and maybe Uncle Vinnie has just had enough of watching crap football. I know I have. But it's also just as likely that Tan doesn't want another summer wasted looking for a new manager, and then looking for new players, and starting next season already well behind everyone else.
Bulut does look out of his depth, or more specifically, his coaching team looks out of their depth. But he has steadied the ship, and he has put some good runs together. Sadly, he's also presided over some awful defeats, and generally speaking the football has been dire. Not really something that sells a lot of season tickets.
But he's cheap (probably), and did enough to keep us safely in the Division, so I'm betting Tan gives him another season. What we need is for Tan to add a proviso, that unless the football improves, Bulut will be on his way by Christmas.