Woody's punch is the first true "moment" that I can recall watching games. I have memories of watching games, listening to the band etc but this was my first specific memory. I was 7 and didn't understand when the older folks said that Woody would have to be fired. As far as I knew Woody and the President didn't have bosses or jobs they just were in charge.
In hindsight, yes he should have retired the year before, however look at the 1979 season, Woody knew he had a national championship team coming and I think he wanted one more chance to go out on top. I always wonder what would have happened if he stayed here and won the title in '79. Of course had we won the RB in '76 he might have retired then too. Of course we will never know the "would haves".
I think it's appropriate for fans to be both grateful and disappointed in Hayes. Buckeye fans should always be thankful that he took our program to heights attained by only a handful of programs in all of CFB history. At the same time we cannot just ignore the volatile side of the man. In the final accounting his good deeds far outweigh the bad, so he's ok in my book, but I do realize that there was a side to him that he should have handled better.