A win against VT does do something. 10 ACC wins and 20 regular season wins DOES mean something. Now, it means nothing if go 0-1 in the ACCT, but it puts us a step closer to the dance. It also helps our seed in the ACCT.
What's really holding us back now is our RPI. If we were 19-11, 9-8 with an RPI of 45 instead of 65, with our resume (wins at Duke, SU and Pitt) I think we'd be solidly in now.