Gibson would not be a "transfer" he asked out of his LOI and was given that opportunity. Gibson is like any other unsigned 2011 player at this time, but he is a player that was once considered one ot the Top 150 players on Rivals last Spring.
The good news is that at that time, he had Iowa listed as one of his top 5 schools, but then there was the coaching change and he eliminated Iowa immediately. The guy that had his interest was LaVall Jordan, more good news, Michigan has no more available scholarships.
I think much of the ISU talk, is just talk, there are two better options for Gibson for a few reasons. Iowa and Michigan State, each play in the Big Ten and all conference games are on TV. Michigan State has a few open scholarships with the defections and Brandon Kearney was Gibson's HS teammate and that is where Kearney landed. Iowa is appealing for the reasons that there was interest before, so he probably knows a little bit about Iowa for that. Also, there is a lot of opportunity for Gibson to play immediately at Iowa and really be a contributor, I think the main reason he ended up at Dayton to begin with.
Gibson compares a lot to Jordan Morgan at Michigan, but if he were to land at Iowa he wouldn't get the chance to redshirt as Morgan did, unless he gets hurt. Morgan hurt his knee in September for Michigan and was redshirted because the staff didn't feel he would be ready conditioning wise.
Percy Gibson is a quality player that would ease the need to run out and sign more than two bigs for the 2012 class and allow the staff to possibly save one of those open scholarships for the 2013 class.
Iowa is going to have a ton of experience back for a few years running looking at the overall youth of their roster.
If Iowa can get Gibson, it would be nice to see the 2012 class go like this: Jelon Hornbeak, Wesley Staten, Kyle Meyer and Adam Woodbury. Staten is a reach, the alternative would be Gesell, Hornbeak can play both guard spots.
There would be two scholarships open for the 2013 class and Iowa can focus on Peter Jok and Akoy Agau, if Iowa can get either or both of these kids then Fran and Staff has arrived.