From the little I've read they're trying to justify that we will still be taking a step back by saying things like Burke is bound to regress, McGary is overrated, we won't have any leadership without Novak and Douglass, our incoming freshmen won't fit Beilein's system, etc.
So it seems like they're making a bunch of assumptions to convince themselves that Michigan won't be a major contender in the B1G next year.
Meltdown? Maybe not. Overly obsessive? Very much so.