Tough to answer. My initial instinct is yes, it's worth it. If it's a death penalty kind of thing.. Then maybe not so much. Illinois got smacked down in the early 90's after the Deon Thomas thing.. But they didn't stay down for long. I could live with that. If the program basically died.. then NO. Pass.
Do you think Pearl broke through the ceiling you mentioned without cheating, or at least stretching the rules a bit? If he's doing this totally legitimately, then great and good on him. Based on his past in Tennessee, I have my doubts, though. I'm not sure how involved he was with what went on up there with the assistants. I'd like to be wrong.
Personally, I'd be happy with a program that can make the Sweet 16 here and there, maybe occasionally deeper, doing it "right". We aren't really that far away from that? But the question posed in this thread, though, is would you take a Pearl type of coach who isn't afraid to get his hands dirty, yes or no. For me, it's yes. I have no real issue with it.
I'm with you - I also don't live for any sports team. It's entertainment, nothing more, really. Sucks when they lose but I don't let the world stop turning because of it. Win - and great!