You've inferred "panic". I think the word that was mocked in April was "concern". To the extent that I think about NU hoops recruiting, my current state of mind is "concerned".
For what it's worth, Cobb's class of one is the only time in the Rivals database where NU did not have a recruit prior to August 22. (The database seems reliable back to, say, class of 2006, which included a July commitment from Coble and an August commitment from Jeff Ryan.) Cobb, of course, is among the most "big time" recruits prior to CCC, so maybe the early commit dates of NU's best all time players (Juice and Shurna are both listed as May commits, though Crawford was September) simply reflects their under-the-radarness - their lack of "big time" pedigree, that is.
As I've stated elsewhere, I would much prefer a recruit in the books now. I also think the failure to land a recruit in this cycle (I'm not expecting that will happen, but it has been raised by others as an acceptable strategy if NU fails on the A- and A.2-list) would reflect poorly on the program and would strike a blow.
As for the NIT miss last year, "you are what your [result] says you are". There is no note next to the 2015-16 record that says "yeah, but High Point lost in its conference tourney and, in a normal year, NU would have probably hosted a game in the NIT". There's just a kid like Jordan Nwora pondering whether to play for a program with a first-class education and four straight Marches home, or one with better results.
I hope he chooses the education and the new arena and the coach whose mentor just won gold again. But I'm simply 'concerned' that nobody in this cycle has.