Well, good thing the NCAA waits so long every year to finally fill its preseason NIT field. When you can grab D-II power Metro State and fellow D-IIer Stillman College for your bracket, how can you not?
I used to be a proponent of retaining the final preseason tournament that's actually a true win-and-advance format. In one iteration of this event out of a trillion, we would end up with a Metro State-Stillman final. The event is suffering, though, as scheduling has become more sophisticated and more and more coaches want "schedule certainty" for the multi-team events they are participating in.
That's why playing three games in Maui against a solid field is much more desirable than a) running the risk of somehow losing before getting to MSG and b) playing a couple of silly games in order to "ensure" you get there. This season's potential Duke-Arizona final could be outstanding, but if we wanted that game so badly as to set up an event to essentially orchestrate that result, the two teams should just schedule it themselves.