I saw this article on the home page of ESPN basketball about why, despite its strength, the B1G hasn't won an overall basketball title since MSU in 2000. Link is here.
He makes a couple interesting points, one of which is the lack of NBA talent. Since 2000, the B1G has actually been one of the lowest major conferences in terms of NBA player production, which to me could mean that the conference is good at retaining solid players for multiple years and molding them into a system, but not that getting the glitziest one and doners. He also mentions the perceived slower play in the league, which has been debunked here, and there are exceptions, especially this year.
Interestingly, he says in a way that the strength of the conference can actually be a hindrance because by the time the season ends, everyone is pretty spent, and even the not great teams are threats. Though you could also argue the strength is good preparation for the tournament, obviously. But, considering that everyone is almost guaranteed a couple conference losses, it could also hurt overall seeding for some teams who might otherwise get more favorable matchups. My takeaway from this is that Michigan is in a good position with a faster pace, some NBA locks, and the potential for a 1 or 2 seed which gets us good matchups.