I didn't like the packers series we are discussing either, but hey, what can I say, it worked out.
I guess my thinking is, go for a couple first downs. Throw a playaction on third after two runs. If you have faith in your defense with 2:45 left, no timeouts, and one last gasp for the Jets, why wouldn't you have faith in your defense with 2:45 left and 1 timeout? The game would have basically been over had they strung together 2 first downs.
As it turned out, it worked, but had it not worked, I'm pretty sure the majority would be question that series.