I agree with both Fred's strategy and the analysis of it: ISU hoops needs to get good fast to attract the top level talent to stay good. It's a chicken/egg situation, but one with precedent.
Back in the 90's both Tim and Larry used JUCOs to fill holes and help raise and maintain performance, which brought in solid HS talent. If you aren't winning, recruiting becomes a tougher sell.
This time next year we'll know if the Refugee Strategy has paid off.