Villanova is/was quite a bit better than Wisconsin. I think Villanova was a bit overhyped this year, but still a very good team. Villanova had an off day shooting and it opened the door for an upset. Wisconsin shot the ball well and made it happen which is no easy feat. Wisconsin is looking good with an easy looking bracket that still remains. Florida and Baylor are two very good teams though. If a Baylor match-up happens Baylor could really give them fits. Wisconsin is not an elite program though. At least not by my standards. It has been a phenomenal run of 4 years, but elite programs are made on sustained success much longer than that. We will see what the coming years provide, but as you mentioned they are still living off one recruiting class to some extent. They also need much better performance during the regular season to be considered an elite program. The Badgers have been first only two times in the last 10 years and has been 3rd/4th six times. Elite, but can't even be 2bd in their own conference let alone 1st? Wisconsin certainly could be elite, but let's see if they can keep finding gems recruiting and start winning a bit more in the regular season.