No. If this whole process hasn't made that clear, basketball championships are seen as flukes. What matters is regularly being in the mix for one. Alabama getting a #1 overall seed probably did more for them than our title did for us. North Carolina losing to Kansas helped validate Hubert Davis. Even in football, nobody downgraded Ohio State or Alabama because Georgia won.
BC has been riding the Doug Flutie magic forever, but also produced Matt Ryan and Hasselback. Pitt has Mike Ditka, Tony Dorsett, Dan Marino, Curtis Martin and has the 4th most NFL Hall of Famers of any school. The did win a NC in 1976. You can say all of that is "old news" but in college football especially it matters. Our lack of history is a giant boat anchor weighing us down.