I suspect that if Fran had gone the route Fred is going, Iowa fans would be saying things like 'Well, we had to do it, Lickliter left the program in shambles'.
It will be interesting to see how this strategy plays out for ISU.
If they do well next year and challenge for an NCAA bid, and do so with few character issues, then the risk will have paid off for them, fast tracking their program back to respectability. As for what their strategy is in the long run as to transfers en masse, my guess is they'll be open to some, but this is something they felt they could do to hit the fast forward button on the rebuilding job and it won't be something they do long term as a regular and big piece of their recruiting strategy.
If it does not work, if the team lacks chemistry, etc, they will have been no worse off than they were when Hoiberg arrived.
The big risk is if some of the players that have a checkered past would revert to those ways and cause some trouble while at ISU. But people deserve second chances, especially when they make mistakes when they are young so I am certainly not going to roll them before there is an ISU-stint related transgression.
The only issue I had with all of these transfers, and its not a big one, is that it flies in the face of Jamie Pollard's words on transfers he spoke at the end of the McDermott era...but even then, I don't think he ever condemned the phenomenon, rather, just acknowledged that it was a sign of the times.
There is more than one way to build a program and Fran and Fred are going at it from different angles, both hoping to reach the same destination