I haven't seen much posted here about APR lately. It appears this is about to hit UConn hard. Their request to the NCAA for a waiver allowing them to play in the 2012-2013 post-season has been denied. LINK: http://espn.go.com/mens-college-basketball/story/_/id/7562956/ncaa-denies-connecticut-huskies-request-apr-waiver-2013-postseason
Assuming their appeal is not granted, that would be huge. I don't understand all the APR implications, but if teams start to become ineligible for either the Bowl season or for the NCAA tourney, or both, that would be a significant penalty. If conferences voted not to give a financial share to ineligible teams, that would sting even more.
I don't know all the issues involved, but banning teams from the post-season for a failure to perform academically is a tremendous way to make athletes attending school less of a sham.