I'm an '02 IU-B law alum and I'm happy to answer any questions or just chat generally about the school.
I absolutely loved my time at IUB, and to the poster who said that places like Iowa City are better...unless you have lived there, you just have no idea. I went to Michigan for undergrad and will always bleed Maize and Blue, but I loved living in Bloomington quite a bit more than AA (which typically gets high rankings for cool places to live for college).
Incidentally, I'm pretty sure I couldn't get into IU today with the improved credentials of the students

For those that want to know my career trajectory,
-spent a few years in Chicago practicing corporate law at one of the "Big 3" chicago firms
-spent 4 years on the East Coast specializing in emerging growth and venture capital corporate work for an mega firm
-started my own business consulting company for start up internet companies about 2 years ago. Now I make as much as I did as an 8th year associate working about 20 hours a week and 1/10th the stress. I'm currently looking to expand into other business ventures.
If you have any questions about IU, Bloomington, etc., please just give me a shout.
Tom