It's easy to try and make everything black and white, but I don't think it's the most accurate description for our situation. The criticism of Cuonzo and this team was absolutely deserved...just as the praise they're now receiving is 100% deserved.
The way the team is currently playing, in a weird twist of fate actually validates much of the prior criticism. Many of us knew all along this team had insane potential if everything came together. Now they're finally showing it.
Where Cuonzo deserves even more praise, and where many of us - including myself - should have given him the benefit of the doubt, is on his philosophy. He has remained unwavering in his beliefs and approach to the game, fully believing if you do things the right way then success will follow. I still think he has a lot to prove, but if anything, this run has shown he's more than capable. It's just a matter of consistency from here on out.
To answer the original question of the OP, I wouldn't say it erases the regular season...but March is what matters above all else. I can tell you this much. I would take our season over Wichita State's right now and wouldn't even blink. I'll take 24-12 with a Sweet 16 birth any day over 35-1 on the outside looking in..