The latest RPI came out and our beloved Wolverines are #28. This is probably high enough to get a #2 seed in most Regionals. There is an outside chance that we could host being a #2 seed, but I doubt it.
ND is #27, and 3 more Big East Teams are ranked higher than us. Other B1G teams are Wisky, NWU and Minny who are #47, 48 and 49 respectively. Purdue checks in at #52.
EDIT: We are #22 in both of the "voting" polls.