It really bothers me all the teams with great looking won lost records who have played nobody or just one or two teams at the top level are ranked high in the polls. How bout a team playing all the high ranked teams and in a easy conference and go undefeated. Should they be ranked in the top 25? Many fans will think they're good without looking at their schedule. I expect to see a lot of teams lined up under UConn to fall out of the top 10 and the word overrated will come into play during the NCAAs because the big schools get credit for playing big schools or the big conferences get credit for playing teams in their big conferences that aren't that good. A lot of teams are setting up their schedules to get 20+ wins to get into the NCAA tournament with a high seed. That's something the NCAA tournament committee needs to look at.
They do look at it. Who you beat, "good wins", "bad losses", measures of SOS, who you scheduled - all go into it. I know for a fact that one coach requested feedback and was advised that their schedule was too weak to get them in the tourney.
There are reasons for weak schedules - Rutgers had one this year, UNC often does, that have nothing to do specifically with wanting to get into the tourney - for many years RU scheduled an extremely tough schedule to improve their seed based on SOS. One of the problems, for example, with a very tough schedule and a team that needs developing, is you get beat down while you are still trying to develop them, this happened to RU for a number of years.
As to these teams being ranked - who would you rank. A team with 2 losses and a weak schedule or a team with 6 losses and a tough schedule. If you play them and lose to them all, does that make you better than the team that at least beat most teams they faced?
And no "real" fans are deluded. I didn't comment but really wondered how anyone thought Oregon was likely to be a threat to Stanford. But, just because a team hasn't (yet) played a tough schedule doesn't mean they aren't any good, either, it means you don't know.
