From what ESPN says, if Iona goes off from 3 (which they have the capability of doing), then they have a chance.
I guess this is why I'm not as scared of Ohio St as some posters are, even though I have them winning this region (at least). Yeah, we're playing 70 miles from their home, but we've played almost everyone well on the road this year, even if they mostly didn't result in Ws. And not only do we shoot the 3 well, but we can put on a lineup where everyone shoots the 3 well, forcing Ohio St's bigs to defend the perimeter, opening up the middle.
But it all comes down to hitting our 3s. If we hit our 3s we can beat anyone in this tournament. We didn't hit our 3s in the Big 12 tournament and we were lucky to get by OU and ultimately couldn't keep up with KU.