A comparison to Gonzaga might be apt. The Zags have established themselves and managed to land on their feet as their coaches changed. I think Butler is going to be similar.
When the Catholic 7 were fishing around for members they must have known that a hot commodity like Stevens would leave for a better job, yet they still offered membership.
Who do you think has better long term prospects for success, Butler, the Hall or Depaul? I'd be more concerned about the long term prospects of the latter two.
While it is certainly possible that Butler will land a good coach like Gonzaga, I wouldn't bet the farm on it. As I mentioned up thread, they are the number 4 draw in their own backyard.
As for long term prospects, I would disagree with you. I'd rank them 1) DePaul, 2) Seton Hall and 3) Butler.
With the new arena coming, signifying a willingness (at long last) to spend money, DePaul is poised for a comeback. Let's be honest, Purnell has been a disappointment...but if they can get any of the Chicago talent to stay home...they will compete.
The Hall needs to retain local talent as well. They have made some dubious recruiting decisions over the past 4-5 years...however if they can get their act together, they will be ok.
Butler is just a tough spot minus Stevens. Much like Storrs or Syracuse, Indy is not an attractive destination. The difference is the former two had a tradition of winning with HOF coaches.
Time will tell...but Butler really needs to hit a home run with this hire. (sound familiar?)