My opinion is that winning cures everything. Students wouldn't be complaining or wanting to change much if ISU were winning a ton of games. But besides that, I think that they should keep Cyclone Alley to the arena (lower) parts and the parquet behind them should go to donors. They just don't fill those seats for a majority of the games and it looks terrible. Make those arena seats behind the basket "Cyclone Alley" where you have to wear the certain shirt...first come first served until it is full. The rest of the students go to center court upper level general admission. Those are still great seats and the people sitting there now move down to the parquet seats behind the students.
That way, the seats are always full and the students that don't want to be part of Cyclone Alley still get great seats to watch the game.
Like you said, winning cures everything. I agree. Next year when we're winning games (meaningful games), those student seats won't be empty. I promise.