I won't predict from now on which team will lift the trophy or will be among the medals. Better to take it step by step.
At first sight, in group A, Serbia won't have any problem qualifying as first, with most likely Turkey as second. In group B, I see Germany as first, and then probably Finland. Group C seems to be the most difficult of all. However, I will say that Spain will take the first place, and then a battle between Greece, Italy, and Georgia for the second. Finally, in group D, the favorite is France, and Slovenia the second. As for Cyprus, indeed must be the weakest team that we have ever seen in this tournament.
Not going to predict things too. When knockout stages begins, it often goes against the odds. Though, I only don't agree with you that Lithuania will end behind Finland. I think we're going to be 2nd behind Germany.At first sight, in group A, Serbia won't have any problem qualifying as first, with most likely Turkey as second. In group B, I see Germany as first, and then probably Finland. Group C seems to be the most difficult of all. However, I will say that Spain will take the first place, and then a battle between Greece, Italy, and Georgia for the second. Finally, in group D, the favorite is France, and Slovenia the second. As for Cyprus, indeed must be the weakest team that we have ever seen in this tournament.
A and C groups looks very interesting for me, there you can't even tell all 4 teams which are going to reach next round.
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Only FIBA knows... 
Same like other hosts, they paid several millions to FIBA and got right to have tournament. But IMO, there should be requirement to have at least a bit competetive team to getright to play even if you're host Like the 15 odds for Spain to win outright. They have been dominant and look to have taken the same approach in all of their national sport teams, focus on young and agile players, building a team to dominate the future but are already dominating now. There are lots of top teams, the Serbians will be tough to beat and so will Germany and France
It's scary to see how Spain dominate in all youtg tournaments in all age groups, but not surprised to see such odds. Change of generation after their golden generation retired isn't that easy for them.