It looks like Bracketology101 projects out the remainder of the season. It is not based only on what's happened to this point of the season. Either way, Michigan is right on the cusp of being in the hunt for a bid.
Man, I would love to get up into that 6-7 seed range, or if not, even fall to a 10. Would be tough to win a potential second round game against any of those #1 seeds, whereas a couple of the #2 seeds (with a healthy Al Nolen) seem beatable.
Of course this is all assuming we play our way into the tourney!