We had doubts about what Davis would be able to provide this season, but the absence of Hunter and Thompson have really hurt.
By my roster rankings, IU wouldn't project as an NCAA tournament team in it's post-injury construction. I actually had us at #40 if just Davis was a no-go at the beginning of the season. The problems compound when you consider how all of the injuries have effected practice.
I really thought that Morgan, Smith, Thompson, Hunter, Fitzner, Forrester & Moore would develop into a formidable and versatile frontline unit by the 2nd half of the season, even without Deron. Now, not only has Davis been almost as limited as feared, but injuries and development seem to have reduced the frontline to just Morgan and Smith. If that doesn't change, we're probably in deep dung.
All of that said, I still think they will find their way into the NCAA field. The ceiling may be collapsed for this season, but there are still a bunch of games that must be watched.