My method for preparing a T-Bone is sprinkle over some meat seasoning and about a 1/4 pack of onion soup. Put it in a cold oven set to 325 for about 40-45 min. I have also learned to put it on a rack to prevent such a watery taste. This turns out ok. It is kind of hard to mess up a T-Bone even if you are as lousy a cook as I am. What can I do to improve the taste? I have heard that some beat the steak before hand. Also I use 1/3 mayo, 1/3 ketchup, and 1/3 Heinz 57 sauce to dip the steak in.