I think most everyone just sees the number 96 and doesn't give it much thought beyond that. It's a big number, but if you give the first 32 teams a bye for the first round, it's not that big of a deal.
Look at the list below that are an example of the 32 teams that may have gotten in this year. I listed their RPI next to them. Notice that not one team is over 94 in RPI. If you're in the top 94 in RPI, you are in roughly the top 25% of all D-1 teams. Letting in teams that are in the top 25% of all teams is not watering it down.
To me, what it does is create a better field of 64 by adding only two days to eliminate the current #14, #15, and #16 seeds that are a waste of time (in most years). You could play those two days on the Monday and Tuesday of the current opening week. If the Monday team wins, they get to play one of the top 32 seeds on Thursday, just as we currently have scheduled.
In a field of 96, we would be adding 32 teams. It's actually not as hard as you think to find 32 teams that are as worthy as a lot of the teams that are in the current field (and more worthy than quite a few as well).
Team - RPI
Rhode Island - 40
Wichita State - 43
UAB - 45
Kent State - 46 (same as Cornell, UNLV, Notre Dame)
Memphis - 53
Dayton - 54
Mississippi State - 55
Virginia Tech - 59 (same as Minnesota)
William & Mary - 57 (same as Florida)
Seton Hall - 61
Ole Miss - 61
Cincinnati - 63
Arizona State - 63
UConn - -63
Va Commonwealth - 66
Marshall - 67
Nevada - 67
Tulsa - 69
South Florida - 70
Texas Tech - 73
Illinois - 74
Northwestern - 74
Charlotte - 77
St. John's - 82
Morehead State - 84
Saint Louis - 85
Akron - 89
UNC - 90
S. Carolina - 93
Miami - 94
NC State - 94
Arizona - 94
Below are the bottom 32 teams from this years field...which would be the 32 teams the above added 32 teams would have faced in the opening round (by the way, this format would only add one round to the tournament, not two extra weeks).
Team - RPI
Northern Iowa - 17
San Diego St - 18
Old Dominion - 27
Utah st - 30
Siena - 30
Georgia tech - 33
St Mary's - 35
UTEP - 37
Louisville - 37
Wake Forest - 37
Florida St - 41
Washington - 41
Missouri - 44
Cornell - 46
Oakland - 51
New Mex St -51
Murray St - 56
Florida - 57
Minnesota - 59
Sam Houston - 70
Wofford - 70
Ohio - 94
UC SB - 94
Montana - 94
Morgan st - 103
North Texas - 104
Houston - 107
Vermont - 117
ETSU - 117
Robert Morris - 127
Lehigh - 151
Ak Pine Bluff - 181
Notice in the 32 added teams, not one has an RPI over 100. The average RPI of those teams is 70. Of the bottom 32 teams in this years tournament, the average RPI is 68, with 8 teams with RPIs over 100.
As you can see, the weakest teams in a field of 96 are ALREADY in the current tournament of 64. We wouldn't be adding weaker teams and watering things down. For one, we would have better teams eliminating those pitiful teams that happen to get lucky and win their suck-ass conference tournaments. Secondly, we would no longer have to pick 15 teams out of a group of 30 teams that are all nearly identical (ie bubble teams). We can let those teams play their way in....as it should be.
And for those who like to act like we should just play the whole season as a giant tournament...that's just retarded. There are 347 teams in D-1 basketball. This format will also put an emphasis on trying to make the top 32, so as to avoid the opening round game.
Instead of having Kentucky's first game be against ETSU (RPI 117), you might have Kentucky facing Dayton (RPI 54), who won the NIT this year, as their first game of the tournament. This wold be after Dayton eliminated ETSU and Kentucky had a bye. Dayton can beat Kentucky, ETSU cannot.
So after you get Monday and Tuesday out of the way, the remainder of the tournament is exponentially more interesting and undeniably more competitive in those next 32 days (compared to the current opening 32 games).
For me, my initial reaction was that I didn't like it. But if you actually go through the steps of what it would mean, and how it would actually improve on the deficiencies of the current format, I've decided I like it.