College basketball today is in the worst state I've ever seen it in, for all the reasons you mentioned. So I voted for 1. That said, even though I am utterly disgusted with the state of modern college basketball, I still can't ever totally stop following it or watching it. I watch fewer games now than I ever have, but I still catch a few here and there. I try to watch or listen to as many UK games as possible. I keep up with recruiting. I always want UK to do well.
But my current passion for the game isn't even a tenth of what it was 20 years ago. There was a time when I tried to watch every game between top 25 opponents. I got absolutely pumped for the start of basketball season. The pre-season tournaments I'd watch all through Feast Week. Now? I honestly prefer college football to college basketball. The passion for basketball just isn't there like it once was. But even so, I still want UK to be the best it can be, even if this era of college basketball blows chode.