I think this whole thing is an overreaction because it's good media.
As Zach Lowe pointed out yesterday, Hinkie still has yet to lose a trade. Owner's are annoyed about money, the league got the Sixers to add a highly respected figure head to save face.
I don't buy that Colangalo is going to GM the Sixers. I suspect here's there to give Hinkie a basketball boss who may check him here and there if he's going to -- for example -- make more player for pick trades that will keep them bad too long.
Because they've been bad for a few years, the hand wringing is understandable. But the team could get a lot better very quickly -- fairly easy to see how they may be an up and coming squad as early as next season, and certainly in 2017-18. Put another way: Hinkie KNEW the team would be like this in order to accomplish his goal, and so did his owners... so why lose faith now?