No, it's not. You and the rest of the luddites don't understand what any of it is used for or how it works and refuse to do so because your favorite team is not being ranked (though I think "rewarded" is the more apt term you desire) the way you think they should.
jncuse has done a tremendous job explaining how these systems work and what they are used for, but it has obviously gone over your head and the other people on here. I'm sorry these systems don't match up with how you think they should. The vast NCAA conspiracy against Boeheim and Syracuse is still here and now it has MATH in its clutches!
Still no one has even listed a top-25. C'mon this should be easy for you folks. Where should syrause be? Top 10? Top 30? 44?
Sure anything can be improved, but I'll tell you right now that KP, NET, and Evan Miya are all waaaaay better than anything else out there including three guys in a room in North Carolina. Revising any system that ranks 350 teams to make your favorite team rank differently screws up the rest of the rankings. That's what the "luck" column is for. It shows the variance.