Sort of off topic, because this pertains to real life and not WIS, but just wanted to point out a few things:
If a person were to seed the #1's in real life right now, you would have Texas, Kentucky, Kansas, and either Villanova or Syracuse. I'd give the nod to Villanova right now (more conference wins than Syracuse at this point) though, but Lunardi gives it to Syracuse. That is the top 5 ranked teams right now in the polls.
These numbers are from cbssports.com: Kentucky has the 11th RPI and 106th SOS. Texas is 10th in RPI and 105th in SOS. Syracuse is 4th/21st, Nova is 6th/47th, and Kansas is 3rd/37th. Now, out of those five teams, Kentucky and Texas should not be 1 seeds, but if they were given a two seed, there would be such an outrage.
The selection committee can say they don't look at rankings, but they can't say they fully go by their "formula" either. If they went with a more weighted RPI + SOS ranking, then the top four seeds could possibly be:
West Virginia (1st/12th), Duke (2nd/9th), Kansas, Syracuse...or even Kansas State (5th/8th)