Exactly my feelings too. Iowa was a good team the year before and didn't get a chance in the tournament. This year they started off in the preseason top 5, being propped up by the best player in college bball. They never really did much to improve from that or really drop from that. If they would have started at #15, they probably would have ended at #15.
They met my season expectations except for the round of 32 exit. I was thinking top half Big 10 finish, win a game or two in the BTT and then Sweet 16.