I am a little late but to me the new system is heads above the old system. The old system was all about money, distance, and prestige. If you had a B prestige and the coach local to you had a A+ prestige and he wanted the recruit, he was almost surely was going to get the recruit. The old game was a pecking order in prestige and the lower teams were almost always at a talent disadvantage, and in this game talent is the largest factor in winning.
Under the new system with a B prestige you can find recruits locally that has preferences to help off set the prestige disadvantage giving you a chance to compete, and as long as you can get too a high you still have a shot at a 4 star or better recruit even if a A+ joins in the battle.