Yup. My performance was pretty piss poor. Ever known any one who got a C?
I'm sure I have, I just don't think they admitted it.

But really, I think the new curve will go something like this:
A: A very good exam, knows stuff
A-: Knows stuff, missed a few things here and there
B+: Basically has it, missed some things
B: More or less understands, missed a bunch of issues
B-: Shaky understanding, but managed to write something marginally coherent
C range: Utter bull plop. Maybe one or two correct assertions.
D and below: You personally insulted the prof's mother. Repeatedly. In person and on the exam.