sorry to hear that grecian! its a shame a 99% favorite has to lose 1% of the time :( if its any consolation, my guess is the only reason it happened to you is because you've had so many 1 seeds over your career (just guessing from tark, where you are a regular).
maybe this little story will cheer you up. i once fought my way to the #1 overall seed in d1, which has only happened to me once or twice. after the initial jubilation, i decided to see which 16 seed i would be destroying on my way to the second round. wouldn't you know it, it turned out to be OR and his legendary UCONN squad, who despite a rocky season, pulled together a great run to win a very tough big east conference tournament. so much for jubilation! well, i know this would be a better story if we lost, but we didn't, but it was still pretty depressing waiting to see what would happen :O i figured if we could survive such a daunting 16 seed, the gods would shine down upon us the rest of the way, and wouldn't you know it, they did. so, maybe you were just getting your bad luck out of the way now, so your next great team could live up to their true potential =) and i bet they will!