It potentially gets us closer to bringing the vaccine into play which could put an end to this mess.
If I were running the NCAA, I would see if it would be possible logistically/politically to get players vaccinated the day of FDA approval (note: full, not emergency use). The number of vaccine doses you would need to vaccinate every college basketball player is around 10,000. That's really a pretty small number in the context of society at large and those vaccinations would have a significant positive impact economically and socially. The NCAA could also sweeten the deal by paying a few million extra to help subsize the rollout of the vaccine more broadly.
If I could swing that deal, I would then delay the season to Mid January and then try and play a full season from there. But, yeah, I'm not in charge of the NCAA, and I don't consult with public health officials, so I don't know if that is feasible or not. Still, a delay might not be a bad idea just to buy time to see if this or something similar is workable. But that delay should be accompanied by an extension of the season. We shouldn't treat playing the tournament in March/April as some holy cow especially given it was outright cancelled last year.
I will say, I am 1000 percent confident the season won't get cancelled. It might get delayed, but there's too much money and we're too close to the end of the most disruptive phase of the pandemic. Also, sort of related, I think the logic behind cutting the number of games from 31 to 27 was super dumb i.e. we're worried some games might get cancelled, so let's go ahead and cancel 4 games. Just silly.