Hawkeye;
I graduated from UOMHS in '98. I'm also a hawkeye and did several years of clinical research at UIHC before going to medical school. UOMHS pales to U of IA as far as facilities go (i.e.: UIHC is the largest university hospital in the country), but the didactic education is right on par. Think of UOMHS as a private college (as it is): more personal attention and the entire University is geared towards teaching students (one of the advantages of professors who are only moderately involved in research).
UOMHS also has other health care programs, so there are more faculty and facilities available for teaching. The medical library is the largest in central Iowa and they have a great computer center. Also, medical students can take advantage of the dual degree program. After the first semester, you can apply to get a MHA or MPH in conjunction with your medical degree.
...Gotta do rounds, I'll discuss some of the other high and low points of UOHMS later.