Is Australia thought of as a country that has a chance in Olympic basketball?
I love Patty Mills, but if he's even worth mentioning when discussing your country's Olympics team, that country doesn't really stand a chance against USA.
In women's basketball we've been 2nd in the world for years as Lauren Jackson (in particular) and Penny Taylor have been among the best players in the world for a long time (not sure if they're starting to get past it now or not?). We've beaten the USA a couple of times, but at the biggest stage the US is usually too strong. Still, silver is not too bad. We'd be disappointed with bronze I think but the Russians are around the same level so it'll be tough.
In men's I think we're an outside chance at a minor medal. If we snuck a bronze it would be great. We're not really one of the teams that has a chance at upsetting the US, but we have some chance of upsetting pretty much any other team in a one off match. In 2008 we were knocked out by the US in the quarter finals - got hammered by like 30 points so I'm interested to see if we can get closer now. We'll get better in future years as basketball has become a lot more popular here as a participation sport in recent years (though it's still no where near the level of mainstream popularity it was when Jordan was in his peak and made it massive).
Re Patty Mills, I think he's underrated in the US because he's short and doesn't fit the pre-determined mould. He had great games for the spurs recently when given the opportunity to start. He'll also play better for Australia too - he played great in that quarter final against the US, and he was still a college player then. I expect if fully fit at the olympics that he'll turn some heads. Our best player is Andrew Bogut, who's injured and will miss the tournament, but we have some other very good bigger players in Europe. They're just no where near as athletic as the Americans...no team is really, but I think the international rules mitigates that to some extent.