Ohio is still facing serious NCAA sanctions because:
a) it is on record that their coach lied to the NCAA, to compliance (or was in compliance with compliance to look the other way...allegedly), to his superiors (or was in compliance with them...allegedly)
b) the Tat5/6 are on record for taking improper benefits and the details around this are well known.
Ohio also, if you recall, screwed over the NCAA in December, lied on compliance forms in September and was disingenuous about their "response" in March (remember the two games and stern lecture Gee was going to give St. Tressel?)
Ohio is going to face some sanctions and they will have to reflect the seriousness of these violations. They have also acknowledged that they are repeat violators. Finally, the NCAA will have to deal with the NCAA representation from the SEC and PAC Dozen (see angry USC mob) if the sanctions are not in line with the seriousness of the violations.
I see 5 scholarships a year for 3 years, a one year bowl ban and 'double secret probation' until the ESPN/Ohio Supreme Court Case is settled and ESPN and their boatload of lawyers gain access to the totality of the documentation.
At that point the NCAA will have to 'unleash hell' but that's likely a year or two out with the machinations of the courts, Ohio obfuscating and the World Leader hitting with the 'death by a thousand cuts' approach. Ohio opened the Pandora's box with how they handled this situation in December and March and the media won't stop circling. Raback that.,