Yep! People seem to forget that the season begins in September, and that there is still several free agency moves and draft moves to go through.
But to be honest let's be real, the Ravens defense was #1 last year most the season until Jimmy Smith was injured. If I was the Ravens wanting a title I think the team is closer to an elite defense than an elite offense. The Ravens front office always neglects the offense, but in this case I agree with where they are going so far.
If the team is going to compete with the best in the AFC, most AFC teams have a high-powered offense. With the free agents available, the front office did the right move to try to slow those AFC offenses down. Sure the Ravens offense sucks and won't be any better without Steve Smith, and they will need to find a replacement. But them not resigning Juice and signing Juice shows the team is likely going away from an offense that uses a fullback. I don't think the team lost much from Wagner as he was a good RT but from the scheme changes from what have been told so far he did not fit the mold the team was looking for.
In the end it will be 2-3 years at least for this offense to get on track. I think the best strategy for the Ravens front office to go was to improve their already good defense. It will hurt losing those low scoring games and easily blaming the offense. But I think the offense can find some contributors on offense in this draft.