Penn State always wins fluky games like this. They beat Michigan there just two years ago when they were ranked 4th. Also, if you watched the game, Iowa just totally mailed it in. Their best player, Uthoff, looked like he wanted to be somewhere else.
Is Penn State better than Pitt this year - No.
Does Pitt have a win as good as Iowa - No.
I think both are true.
I get what OP was saying. It does suck to see PSU win a game like this, not so much because it means they are passing Pitt as a program or anything like that, its more a reminder that when Pitt has had chances against highly ranked teams (when we played them), we haven't come through.
However, to counter a point the OP made later in the thread, regarding Pitt being "gutless" and "folding against a good team", I don't think Pitt mailed it in against a top 10 Miami team last week, who playing them on the road is every bit as tough to playing Iowa at home. Pitt played very tough that game, rallied twice I think from being down 7 in the second half. While the UNC game was clearly a low for the program in terms of competitiveness, and the Wake game had some sequences that boggled the mind, really only a week ago we went toe to toe with a really good team who hasn't lost at home in the ACC all season.
Hail to Pitt