Hey Brian, its good to have you back! The only major change is with the job application logic. Its much easier to get to D1 and to qualify for jobs in D1 now. Its a great time to come back though. We've got some new devs that are working on regular updates... something this game hasn't had in 10+ years.
Team/player ratings are the same. Athleticism and defense are still both key attributes. To start, you just want to build a solid team. A couple shooters, a couple low post scorers, rebounding at the PF and C, ball handling and passing at the PG, etc.
D2 schools can start signing D1 recruits in the 1st cycle of the 2nd recruiting period. D3 schools can start signing D1 recruits on the last day of the 2nd recruiting period.