I think it would be foolish to panic now. But I also think it would be foolish to ignore some of the patterns we're starting to see.
A few years ago, UConn had to settle for a bunch of Plan Bs after losing out to the UNCs and Kentuckys of the world. Losing out to middling programs like Oregon and VCU and NC State is worrisome and makes you question this staff's ability to close. If UConn had been recruiting a guy like Larrier from the beginning, and Kansas or Kentucky swooped in at the last minute, you can bet you a** he would have jumped at those offers. Ollie and co., on the other hand, couldn't convince a kid from the Bronx to follow in Kemba's footsteps. I'm not trying to make a huge deal about one recruit, and I'm definitely not trying to ignore the context (who the duck* wouldn't wanna play for
this guy?) ... but, as Fishy mentioned, it's part of a concerning trend.
I still think next year's recruiting class will give us a much better picture of the direction the program is heading in. UConn should be ranked consistently high all season (the fact they won't be preseason top 10 is a freakin' joke, but they'll be there soon enough), Ollie will have more time to prove himself and separate himself from Calhoun's shadow, and the stain of being relegated to the AAC will wear off at least a little.
If, after a nice tournament run, UConn is still losing out to crap programs like NC State and Providence, well, then it's time to panic. But I don't think we should be pretending it's all rainbows and daisies, either.