Depends on the context.
Did we make the playoffs because Rondo became a straight up stud who not only went into superstar gear in the postseason, but was also able to sustain it for a whole season in order to get to the postseason? If so, I'd be ecstatic. That would finally put Rondo haters to rest and prove that he is a player worth building around.
Did we make the playoffs because we retooled and made SMART acquisitions (keyword on the smart) to build a balanced team with dangerous talents at each position? If so, I'd be ecstatic as well. The key to Memphis/Indiana model teams is gaining chemistry and experience, aka first/second round exits that make the team hungrier.
Or, did we simply make moves for the sake of making moves, such as overpaying for Smith and Jefferson? If so, that would be a much different kind of first/second round exit that I would be very displeased about, because rather than gradual improvements year-by-year like Memphis, we'd be stuck in NBA purgatory like Atlanta or Milwaukee.