The question to ask is "how does this impact our beloved Buckeyes"? Perhaps this gives hope as to the outcome of the scandal of 2010.
I find it difficult to believe that the Tressel / Tat 6 incident and the fact that the players involved sited the lack of spending money as part of their motivation didn't have an impact on the decision by the NCAA.
Furthermore, now having made this landmark decision, can the NCAA now come back and sanction the heck out of the Buckeyes after acknowledging that something needed to change for cash strapped student-athletes?
As for the multi-year scholarship issue...this is simply the NCAA's effort to address oversigning.
If I were a coach recruiting a player who was considering an SEC destination I would remind him that the SEC's history has been to offer scholarships on a yearly basis...sure you could go there, but you'd also run the risk of being cut from the team while at our (non-SEC) institution you'd receive a 4 year scholarship. This could possibly level the field regarding oversigning but only time will tell.