You make good points. Shaka is a great recruiter, and at VCU he was able to recruit guys, and they could out talent most of the teams they played. Look at the VCU schedule this year. How many losses would Texas have with that schedule? West Virginia is the only possible one I see, and UT split with them this year. Thing is, though, you're not going win against Kansas, Baylor, Oklahoma, Texas Tech and West Virginia with talent alone. That's where the game planning comes in. Top to bottom, the Big 12 is a terrific basketball conference. Probably 2/3rds of the schools are recruiting at a very high level, and when you have similar talent, it comes down to game planning and setting up mismatches with the other team.
Your point on Bilas, also, is important. Smart commentators know they have a megaphone and that off the cuff comments can blow up. I've never gotten this impression about Smart, but I've known some coaches that will carry a grudge for years over a relatively off hand comment.