Its a good description IMO - but its more based on the system that Wright has used, which always goes with three guards (or more). And the lack of impact bigs. Its not that alluring a program (relatively speaking) - Wright has done a good job with the guards
They have had three periods of success with pretty good college guards. I don't think its because they believe they have the best guards, but they have had some decent teams that have no size. 2006 they were a 1 seed, 2009/2010 they were a 2 and 3 seed and final 4 team. And then they have this year which there fans are excited about (perhaps prematurely).
In terms of comparing to us, I think they had better guards in the handful of years post Carmelo (despite Gerry and Johnny). Things have changed since there final four run of 2009 - we have clearly had the better guards, and Nova has sort of stank.