No doubt. It seems Iowa's record as a lower seed, at least in my lifetime, has been pretty atrocious. Doesn't help when you're getting Duke & UK in the 2nd round some years, but still. Outside of winning an 8/9 game as a 9 seed (1992 - Texas) and a 4/5 game as a 5 (1999 - Arkansas), and let's face it, 8/9 and 4/5 is basically a coin flip game, I can't say I recall Iowa pulling even so much as a mild upset in the NCAA Tournament.
I'm not saying that's "falling short of expectations", I don't EXPECT Iowa to beat a 1-2 seed, but there's been little NCAA magic from the Hawks. It pains me that Iowa can't seem to ever even make the Sweet 16 when I see the VCU's, Butlers, and George Masons of the world sneaking into the Final Four.
I really would love to see a deep run from the Hawks. Just 2 Sweet 16 appearances since '87, and one of them was courtesy of what was left of that great 1986-87 team, in 1988. So only 1 in the past 27 years. Ouch.