We are (and have been) saying the exact same thing in regards to Olah, so cool.
I tend to disagree about the "cupboard" thing. Perhaps, that's because I think of it differently.
Yes, there was some potential in the roster O'Neil left behind, but it was almost all in the freshman and sophomore classes (because KO's demeanor ran off so many players). If we're going to make argument Olah became what he was because Collins developed him, the same can be said of Carmody with the youngins he inherited. The difference I see is that in Collins case, he had upperclassman who had previously proven effective in the BIG - guys like Crawford, Cobb and Sobo (although Sobo was an awful fit). It wasn't only potential. CC also inherited future talent in Olah and Demps. Obviously, we're talking about Northwestern here (it's relative), but Collins has gone on record saying the Northwestern job was more appealing when he took over than in the past. There was a reason for that.
Crawford was a great leader with a lot of skill but he didn't really produce much more than Hardy did in his last year, so I almost consider them a wash. Cobb was a nice veteran to have but he wasn't healthy enough to really make a consistent difference. And it's hard to consider Sobo an asset given his shooting woes (which kind of carried over from the end of the prior year). Blake and Jitim both produced in their second seasons under Carmody, so the potential was realized pretty quickly. I know the conference was down in 2001-2002, but the team finished 6th in the conference. The addition of VV certainly helped but it was Hardy, Blake and Young that carried the team. And on both rosters there were a lot of players that didn't belong on a high major team, which has been the case for almost the entire time I have been watching the team. If there has been one encouraging trend under Collins (other than the dramatically better rebounding), it's that almost every player on the team has the potential to contribute.