I think it can be done, you gotta know what you are doing, and get in a d1 populated market, where you can find the 'right' mid 500 level players for local prices.
I think this is sort of Rail's topic, but I would say the worst single issue in this game is how recruit population affects outcome. But, to suceed in the heavy recruit populated areas, you need to be thick skinned, and never let losing recruits bother you, as you will lose often.
The places that the new recruit generation has harmed the most, are the low recruit populated areas, as there, even mid 500 level guys who can make your team into a champion are few and far between, I think St francis of new york in the new game, may be easier than the university of minnesota for example????????