Sounds like I'm in the minority here, but I do believe margin of victory should be included here -- not to the extent that it seems to be in the new formula, but to some extent. I went 22-7 this year in D2 Naismith. My avg margin was 9.9 points, vs a top-40 schedule. My losses were by 19 (to bow2dacowz' juggernaut), 8, 1, 3, 5 in OT, 2 and 2. Six of those seven losses were on the road. Meanwhile, I won 9 gms vs top-100 teams by double digits. Maybe I'm a really bad gameplanner, maybe I just had weird luck, but the point is my wins were much more decisive than my losses.
I understand a win's a win and a loss is a loss, and whatever other cliche, but if you want to assess quality when picking / seeding teams for the NT, margin of victory (at least against decent teams) does say something valuable.