i feel that they do matter. first off it is good press. also, i think a good recruiting class this year perhaps keeps your program higher in the minds of next years prospects. when you couple that with success on the field, it just makes a school seem more appealing to go to.
aside from that, i think they can be a real good indicator of where your program is headed down the road. while you do have 5 and 4 star busts as well as 1 and 2 star all conference players, most of the highly regarded ncaa players were a 3, 4, or 5 star recruit. atleast that is my observation.
look at some of our greatest players this year (per rvls) and my thoughts.
crompton was a 4 star qb, who eventually panned out
hadesty was a 4 star - well worthy
g jones was a 4 star athelete - well worthy
berry was a 5 star player - all american
d moore was a 3 star player - under-rated
chris walker was a 4 star lb - developed into a great de
dan williams was a 3 star dt - solid dt
rico mccoy was a 4 star lb - maybe under-rated
chris scott was a 4 star guard - great starter
janzen jackson was a 5 star db - appears worthy
montori hughes was a 2 star dt - under-rated
ben martin was a 5 star de - appears maybe worthy
dennis rogan was a 3 star rb - major under-rated cb
luke stocker was a 3 star te - should have been a 4 star
jac mcclendon was a 4 star o-lineman - a solid starter.
wes brown was a 4 star dt - well worthy
nick reveiz was a walk on - a phenominal over-achiever.
some recent others
ryan karl was a 2 star safety - solid lb
chris donald was a 5 star lb - over-rated
lennon creer was a 4 star rb - over-rated?
kenny oneal was a 5 star jc wr - who never panned out.
brent vinson was a 5 star ath - over-rated, 3 star maybe
walter fisher was a 5 star jc de - over-rated, but ok
quiton hancock was a 3 star wr - likely over rated as well
demonte bolden was a 4 star dt - turned out ok
demitrice morley was a 5 star db -worthy talent wise
austin rogers was a 3 star wr - solid wr, under-rated?
lucas taylor was a 4 star wr - worthy of the rank
josh briscoe was a 3 star wr - under-rated
josh mcneil was a 4 star center - who was solid
slick shelly was a 4 star wr - over-rated
erik ainge was a 4 star qb - well worthy
robert ayers was a 4 star lb - well worthy
jonathan heffney was a 4 star db - all american
arian foster was a 3 star rb - under-rated
inqy johnson was a 2 star db - very under-rated
anthony parker was a 3 star o-lineman - all american
elix wilson was a 2 star db - who became an amazing lb
jerod mayo was a 4 star lb - well worthy of a 5 star
robert meachem was a 5 star - well worthy
few booms,few busts, but pretty close over all.
sorry for the length, i am home because of lack of work, and am kind of bored
go vols!