If the weekend goes chalk (according to Sagarin), Iowa gets the #2 seed, but first game would be against winner of Illinois and Wisconsin, which I don't like so much.
Personally, in addition to rooting for the Hawks, I am hoping that Penn State can pull a minor upset at home against Maryland; that way Iowa would play the winner of what would be a rematch between those two for their first game, which I much prefer.
If Penn St AND Northwestern pull off upsets, that drops the Hawks to the #3 seed, but it might actually be the best-case scenario for Iowa. This is because their first game would be against the Minn/Wisc-Maryland winner, with the other teams on their half of the bracket being Penn St, Illinois and Northwestern. I really like the idea of having Purdue, Indiana, Mich and Mich St on the other half of the bracket.