At this point, I'm well beyond giving a fuck about what anybody besides me thinks of this kerfuffle; except to the extent that I'll be annoyed when some media douche bag makes some reference to it as part of the first question asked of Thad Matta when the Buckeyes win the men's hoops NC. As to what I think:
1. The current punishment is appropriate and should end the matter in any sane person's eyes. I'd have preferred that the imbeciles Ohio State hires to handle PR would have come up with this solution as part of the original presser. JT's cover-up was stupid and wrong but let's not forget that there's no underlying institutional misconduct, that the total financial value of the violations is negligible, and that the rule violated is at least arguably idiotic. In the grand scheme of NCAA things this just isn't that big of a deal.
2. I don't buy that the only choices as to why JT covered the matter up are the given confidentiality of a federal investigation excuse, a primary motivation of keeping guys eligible to get wins, or honest naivety about the rules. I think that the most logical explanation is that JT believed that the shitstorm of reporting the alleged violations would be grossly out of proportion to what they were and would be unfair to the players involved and that Cicero (an idiot BTW) could also be screwed if JT didn't keep things confidential. I also believe that JT wanted to keep the players on the field for competitive reasons and to avoid being reamed for not keeping closer tabs on them, but that these were secondary considerations. Finally, I believe that he knew that what he was doing was wrong but "looked to find a reason to believe" that they weren't and convinced himself that his actions were serving the greater good (the protection and subsequent personal development of the players involved).
3. The criticism of JT as having positioned himself as some sort of moral saint iwho is now getting his comeuppance is overblown. Initially, much of that came from Andy Geiger as partial justification for whacking John Cooper (and I think it's clear that JT has placed far more emphasis on academics and family atmosphere than Cooper ever did). I view JT's books and the Winners Manual and the Block O of life as unalloyed goods (even though I don't personally agree with every single thing in them) that he generated at least 95% to help other people and only MAYBE 5% to establish his own virtue in the public eye, and I've read the first and skimmed the second.
4. In line with ORD, I do think that JT has a tendency to substitute his own moral compass and professional judgment for that of anyone else's to an unusually high degree: I will say, however, that the vast majority of time that has served him, his players, and OSU very well. While it hasn't this time, sometimes if you treat your job as a "calling" rather than a job (it's not about the ball) you can mislead yourself, but IMO it's a fairly small price to pay for all the good the man has done over time.
5. I don't buy the haters' theory that JT is nothing more than a fraud/con man. Frankly, there's simply far too much evidence to the contrary established over far too long of a period of time for me to believe that: I simply don't believe that anybody could "fake it" for that long. I have ZERO doubt that he's a far better human being than the vast majority, and quite possibly all, of the writers criticizing him.
Rant over. Avanti.