It doesn't much matter at what point in the tournament you lose if you don't win it. They don't give out trophies for making the Final Four.
Really? So when announcers bring up that Coach K has been to 10 Final Fours those really mean nothing more than going out in the second round of the tournament?
Also you and fellow Duke alumni should write to the athletic director and get some of these banners taken down since most of them are "meaningless"