And the Swiss are evidently playing along with plans to extradite them to the US. Right now we don't know if Blatter is among the indicted. Jack Warner's name unsurprisingly pops up.
At the least, this is a nice black eye and extended middle finger to Sepp Blatter.
At the most hopefully the World Cup moves out of Qatar.
Links (the NYT article is a little more in-depth)
Edit: damn, doesn't look like they nailed Blatter
sources tell me sepp blatter is not among the fifa officials who are being arrested— Michael S. Schmidt (@MichaelSSchmidt) May 27, 2015