Penn State's 2009 team finished 11-2 with a January 1st bowl win over LSU and a top ten ranking. Technically, they didn't live up to their preseason top-five ranking, but that's still a damn good season. If Iowa is ranked top five preseason and finishes 11-2 again with another big bowl win and top ten finish, then I will be very, very happy.
And I won't blame or resent the preseason rankings for whatever setbacks we may have. I think #5 is a very good PREDICTION for Iowa. Nobody here thinks it's a guarantee, and much more importantly nobody on the team thinks that either.
I don't see what's so crazy about PSU being #14. They're always talented, they're always good on defense, and they return Evan Royster and the whole offense minus Clark. Replacing the QB is a big deal, of course, but PSU will keep every game close (including Alabama) by running the ball well and playing good defense. Look at their schedule. I see a 9-3 season with close losses at Bama, at Iowa, and at OSU. If they win their bowl game, why wouldn't they finish top 15 with a resume like that?
This is all a way of saying that I actually like Staples' rankings. It's a good read, too, well written, imho.