Delany confirmed what everybody expected and said that the Big Ten expects to have a championship game next year. They're also way to busy to actually visit potential sites, so they'll just put it somewhere and then probably do a rotation. Maybe they'll just get lazy and leave it wherever it goes this year.
Also in that article is a quick mention of going to a nine game schedule, which seems like it will happen in a few years. Great. With 3 OOC games and a financial reality that requires a team to have 7 (or 8) home games, the Ames game will probably have to be in years with 5 conference home games, and Iowa will have to host the clowns in years with 4 conference home games. So Iowa now needs ISU to a) remain in the BCS, and b) help, not hurt the strength of schedule.
While most Big Ten teams can schedule a home and home with a high caliber BCS school, Iowa will lose that ability in a few years. On the plus side, Iowa will also get to play all but two conference teams which might help with strength of schedule, although replacing AZ with Illinois this year would not help, for example.