QU was one of the weaker #1 teams I've seen. If you look at the teams' seasons using a Bradley-Terry rating system, you would say that Yale had a 33% chance of beating QU in the title game (or you would expect them to win one out of three games against the Bobcats). #1 seed in their region (#4 overall) ND was only about 55% to beat their first-round opponent.
Another format might have reduced the carnage a little, but I think this was a year that was guaranteed to have a crazy tournament. There were no great teams.