Yes thousands of references to Jesus is HUGLY exaggerated.
There are a few point of the possibility of weather Jesus exisited, and bear in mind this search for evidence is based on a human man Jesus and makes no reference to any divine origins.
I need to find some references for this but for now, there were actually a couple of jesus mention around the christian Jesus time that were prophets, which surprised me.
A historical Writer called Philio ( i think) was writing about Jewish history and theology from around 20 CE onwards to mid first century and never mentions Jesus!. So here you have a historian alive when Jesus was meant to live, living in the same area, so would have been around to see the Big finale, yet seemed to have missed the whole thing.
The Josephus work is generally accepted by scholars as a later addition by some over zealous christians, writing style and wording is very different from Josephus and the way he describes Jesus would be such a foreign concept to him being a Jew ( from what i remember )
I would humbly point you to this site, which lays out some very good ground work for the case against Jesus ever to have lived, weather you accept all of it or not, there are some very strong argument based on evidence
http://www.rationalrevolution.net/articles/jesus_myth_history.htm#1.
There are a number of books around on discussing Jesus and weather we really did live, i have read most of them, and while they all run along the same lines of little to evidence that he every exisited, what stood out to me, was the way the bible from john on wards talked about Jesus, certainly the way Paul spoke of him, Paul would have been around during the life of Jesus, yet never knew him? considering the zeal in which Saul (Paul) went after his followers, it struck me that Paul always referenced Jesus as a heavenly spirit not a man on earth when he was around.
steve