Final Four 2002 is better than 2001 for sure, but that's not saying much - it does have all the Div 1 teams though, a season mode, and a dynasty mode.
March Madness will be better, but NOT MUCH BETTER, as some would have you believe. It is going to be more "arcadish" than Live, which has way too many dunks, etc in the first place. Also, MM is NOT GOING TO HAVE a dynasty mode or a season mode for that matter - all you can do is play the tournament or an exhibition game with one of 130+ teams - that's less than half of the Div 1 teams in college hoops.
The sleeper title is Sega's college hoops game which has not been confirmed to be coming out this winter or for next season, but when it does, it will blow away every other college hoops game ever made - NBA2K2 is the best hoops game going, and they'll use the same engine, ergo...