Surprised this isn't up yet, but here goes:
NCAA Will allow conferences to give Student athletes an additional $2,000 stipend to help cover the "full cost of attendance"
APR cutoff will move up to 900, then 930 - failure here means no bowl game
Schools will have the option to offer multi-year scholarships or keep giving them out on a year by year basis
Incoming athletes' GPA requirements went up some
Bball "evaluation days and dead periods" changed a bit
Hooray FCOA! Hooray kids being able to afford to go home for the holidays!
Note: I put the * in the title because estimates have "FULL" cost of attendance closer to $2950/year
Also, recently 300+ student athletes signed a petition asking for FCOA in addition to other things that make sense (like sports related medical expenses). Read about that petition here:


http://www.ncaa.org/wps/wcm/connect/public/ncaa/resources/latest+news/2011/october/di+board+of+directors+adopt+changes+to+academic+and+student-athlete+welfare
This part made me laugh:
"The enforcement working group is examining new violation and penalty structures, more efficient investigation and adjudication processes and a new approach to public communication of enforcement and infraction issues. This group begin making recommendations to the Board in January 2012 and will finalize its legislative recommendations by October 2012."
Yep, that's Simba made out of a pineapple.