The question really isn't "do we have a very talented and deep roster?" It's "should this roster be able to make the tournament?" To which I think the answer is unequivocally yes, especially in a down-ish B1G.
Sure, but I am commenting on statements that we have a very deep and talented team. We don't.
As far as talent, it is not just about rankings out of HS, but the skillset/ability that players exhibit once they get to college. Trey Burke is classic example. People bring him up as an example of great development by Beilein. I think Beilein is a good coach, he definitely deserves credit. But it is not that Trey Burke became the extreme talented player he was in the couple of months in pre-season at Michigan under Beilein. He was very talented from the get go. Same with Augustine, Deron, etc.
I do not believe our players are very talented. Some of them have inherent limitations, independent of rankings. You can look at the rest of the B1G and there is talent on most teams, independent of rankings.
PS. On a different point that some other poster brought up on Beilein. Really good coach, but he has had a couple of rough years lately, his star is not as shiny as it used to be.