Yes, but the conference should be smart enough not to bookend the bye with Tuesday/Thursday games...and yes, I realize some of this is dictated by TV, but no other team has anything more than a 7 day layoff (Sat-Sat: Purdue (twice), Maryland, Rutgers, PSU or Sun-Sun: OSU)...Iowa also has a future Wed-Wed break.
Throw in Iowa not getting any Saturday home games (yes, many people can make Sunday afternoon games, but it does become an inconvenience for some if they are traveling more than a couple of hours to get there) and having 4 of 5 weeknight games with 8:00 tips (again, not a big deal for local fans/students, but tough for people traveling and/or with kids)...heck, Iowa doesn't even get two games against anyone from a bordering state (which are normally a bit of a rivalry...and I'd guess also tends to help draw some opposing fans to the games).
I don't think the BIG did Iowa any favors with the schedule (the only positive I see is, based on results to-date, Iowa may see a SOS bump).