The reality is, the Hawkeyes are good, but not they're not a great football team. Great defenses don't allow teams to march 80 or 90 yards down the field and score a touchdown with the game on the line in the fourth quarter. That's happened to Iowa three times this season (four, if not for a drop by Indiana). Great offenses aren't held under 20 points by pedestrian defenses, which is what's happened to Ricky Stanzi and company in back to back games. And while Iowa's special teams have improved, see Arizona and Wisconsin for a commentary on those units.
The reality is, life isn't always fair. Austen Arnaud is the definition of a Cyclone football player, but I'll be shocked if he's able to run out of the tunnel on Senior Day against Missouri. That's not fair. Nothing is official until Arnaud is examined/tested by a doctor back in Ames, but I think his college career ended in Boulder. Paul Rhoads said as much in his post-game interview.
One of the few bright spots of Saturday was UNI. The Panthers are headed back to the playoffs after clinching the conference title against Missouri State. The reality is, UNI is the most consistent football program in the state of Iowa year in and year out.