Interesting idea, sorta like the home/road thing with RPI, though usually I feel like the champion is pretty awesome at both offense and defense.
But the formula is essentially the pythagorean formula, with adjustments for opponent strength, as well as home/road, which I believe does weight offense more heavily? (Not entirely sure, but it has offense in the numerator and denominator) I think you want to have some ratings that go against general consensus; what would the point be otherwise? (For example, he had Duke as the #1 team in the country in 2010. They won the title, that doesn't "prove" anything, of course, but Duke was considered by a lot of people to be overrated that year).
But I'm having a little trouble believing Wisconsin is the second best team in the country. The rating is basically being driven by their defense, they rank second in the country in adjusted defensive efficiency, 3 points per 100 better than #3. I think the issue is they have some unbelievable defensive performance against some really bad teams; they allowed .53 points per possession vs Kennesaw St (313th), .6 against Wofford (200th), .5 against Missouri Kansas City (280th), .67 vs Bradley (230th), .63 vs Savannah St (250th), and .66 vs Miss Valley State (263). That's over 1/3 of their schedule. Granted, there are opponent adjustments, but I guess in this case, they aren't working out.
I'm having trouble exactly recreating his win%, using the exponent he claims he is using, 11.5. It looks like he is using 10.25, instead of 11.5. Anyway, instead of having the #2 defense in the country, what if Wisconsin was #10? Then, their ranking would drop to #11, which some may still think is a little high, but seems more reasonable than #2.
I think Wisconsin's defense isn't the second best in the country. They've allowed 194 points in 187 possessions in Big 10 play this year, a far cry from their adjusted efficiency of .80 for the season. Have they been a little unlucky? Yeah, probably. They lost by 3 to UNC, they lost by 3 in OT to Mich State, and they haven't really won any close games. But I don't think they're #2 in the country, I think that defensive rating is being propped up by some really good efforts against terrible teams.
Edit: He's not reinventing the wheel with his formula; I'm sure there have been various tests done to determine the right exponent. I'd say the bigger issue wouldn't be the exponent so much as the adjustments to the efficiency numbers.
There's the flaw in his formula. While in a professional sport (like NBA and MLB), defense (which would include pitching in baseball), is probably more important, I do not think it has the same importance in college basketball.
Do you have any evidence for this? Not saying you are wrong, but people who use the pythagorean formula's in sports usually do a lot of research to determine the right exponent. I'm not saying they are always right, but I'm not sure offense is any more important than D. I'm not sure it isn't, either.