Yea, I'm a fan of the international recruit. But it's just so hit and miss and you have to devote real resources (money, time) to make it work.
There's plenty of talent out there, but I'm not sure how many players from (France, Africa, Yugoslavia, Australia, wherever) value getting an American college degree AND playing hoops full time. Where as a 17-22 year old you can just hop on with any one of a huge number of pro leagues and make a living.
I don't know how many graduated, transfer-eligible gamers are sitting around out there though!