There are problems, which seble has acknowledged and said he will be looking at changing, but it's far from a disaster. 1901 Nap Lajoie, frankly, shouldn't be available for lower cap leagues. The overall useable player pool (and amount of salary cap levels that are interesting to play and require real choices rather than a plug and play team) has increased substantially in the last two years.
With that said, seble doesn't have the resources - yet - to implement the changes that are needed.