What do people define as mediocrity?
I'll be happy if we make the second round (third round, officially, I guess) of the NCAA tournament three years from now. NCAA tournament and a win there should always be the goal of the program, although I believe goals of individual years can vary based on personnel, if that makes any sense.
If your goal every year, and the way you define success, is to make the final four, there's essentially a 100% chance you'll be disappointed almost every year. That's just the way college basketball is. Doesn't matter if you're a wake fan or a unc fan.
I am not happy with where the program is, but I am relatively pleased with where this team is right now, given its makeup.