First off I live in Stamford and we don't have a competitive team, Stanford does.
Second I wouldn't compare women's college basketball to the NFL or MLB, but instead Mens College Basketball or College Football
In Mens Basketball you can see there is Parody, and it's working well. There is always Duke, UNC, Kansas, Kentucky, Uconn, Syracuse and others in the mix while unknown teams like Witchita State, Butler come out of no where to make the final four. Parody is defiantly good working there.
For college football there is Parody also but when Alabama was wining all these national championships recently i didn't hear anyone ask of it was bad for the game.
A'ja staying home is good for Womens basketball as a whole but as a Uconn fan I can't say the same thing. I am happy with who we have next year but can't honestly say I didn't want Wilson. South Carolina will be a contender with her.
Overall I would say Parody is growing in the game. Teams like LSU, Rutgurs and Georgia are not as good as they were in years past but teams such as Notre Dame, Louisville, Maryland, Stanford and Baylor are playing at a high level, but all graduated tremendous talent. South Carolina should join that group and will be interesting to see of those teams who falls off.