I truly think you are overreacting here Jon. Although you do have me worried. It just makes no sense at all (competetively or rivalry wise) to move Iowa away from all of their natural rivals. It sure as hell would not be fair to fans who want to travel to away games. Iowa would not play anyone close to home.
If Wisconsin somehow conned Delaney into allowing them to have both MN & NE, then the divisions would look something like this:
Minnesota
Nebraska
Wisconsin
Michigan
Mich St
Northwestern
Iowa
Illinois
Indiana
Purdue
Penn St
Ohio St
It just really doesn't make sense, I would have to believe that Iowa could put up enough of a fight to say, hey fine if you won't let us be with MN or WI, but then we get NE. No way we are that terrible at negotiating that we lose all 3. Barry himself said that most rivalries will be kept in tact. Iowa-Nebraska is a natural rivalry wating to happen. Tom Osbourne said they want to be in a division with Iowa, even Ferentz said he assumed we would be with NE. I see the divisions shaking out like this:
Iowa
Nebraska
Michigan
MSU
Illinois
Northwestern
Ohio St
Penn St
Indiana
Purdue
Wisconsin
Minnesota
That's a very even balance and preserves perfectly natural rivalries for each team.