yep
if you only fail one subject in 1st year youre doing heaps better than me
my gpa is still good enough to do honours if i so choose, and honours applications dont just go on gpa either.
its not uncommon that people who do not so great in first year end up doing pretty well. i fall into this group and i know a few others.
its also not uncommon for people to do really well in 1st year then start going downhill.
cant really generalize tho too much, i know people who have had perfect scores all the way through, and people who have barely scraped by all the way through. i think its fair to say if you put in a genuine effort youll do ok.