They call it the BPI - Basketball Power Index. Seems like they've applied things they like about other ranking systems (Sagarin, Kenpom, RPI, etc) out there and made their own.
Wanting to see/hear how everyone feels about it. I know how I feel about it with iu being a generous #14. They have us at 55, just ahead of Iona, and 5+ behind Illinois, Minnesota, and Northwestern