Sitting in CT, it is very easy to look around the world of WCBB and call teams and conferences overrated or underrated because very few teams and coaches are able to play consistent basketball home and away like Uconn does - it is the genius of the Uconn coaching staff, that gets a team through 35+ games a year, every year with the team seldom producing less that their B+ work on the court. Maybe once every few years they through a real wobble and play C+ basketball, and if it happens against a St. John's playing their A game it can result in a loss, just like their B+ game against a Stanford playing A+ game.
But we live in a fantasy world that has nothing to do with how the rest of WCBB lives. Talent wise we have maybe five - ten programs on in our neighborhood, consistency wise, maybe 4 or 5 depending on year, and only one or two that overlap with the talent.
What I see this year is I thought there were two conferences that were overrated - Pac12 and SEC - neither conference had many teams that played with any consistency - SC didn't play up to their talent but they did play well enough against the better teams they faced to win, and Oregon State threw in a few shockers but generally took care of business. The rest of the teams were just wildly inconsistent, and I thought that was a sign that they were just mediocre teams beating up on each-other. As the tournament has played out, I would say the SEC generally confirmed that - the teams got more hype from their 'good wins' against conference mates but have petered down to a single team in a string of badish losses. On the other hand the Pac12 has played up in the tournament suggesting that the league was better than I thought, and it was good teams beating up against each other.