More than one ranking system had Michigan #2 over Q. PWR may be the law of the land, but it has it's critics, and I'm possibly it's biggest? It's results match the horrible RPI rating system about 98% of the time, and the differences are very slight and so rare I doubt they've ever affected the NCAA tourney qualifiers.
Michigan played AT LEAST 20 games vs Top 20 ranked teams, I haven't looked at their ooc schedule but they played 20 vs just Mn, OSU, PSU, MSU & Notre Dame, while Q only played 8, with none being ranked better than 8th.
If anyone got overrated this season, it wasn't any of the B1G teams, and Q would be one of the candidates for most overrated, just looking on paper. They very well could be the 2nd best or even the best team in the nation, but what we can analyze on paper doesn't bare that out.
I personally hope Q and BU are not overrated, and that my Gophers beat 2 of the 4 best teams in the country on their way to the Title.