Actually, the NCAA is going to investigate OSU
http://sports.espn.go.com/ncf/news/story?id=1923175
As far as being kicked when your done, I remember when Miami was put on probation due to violations, and no one showed any mercy. People were out for blood. I remember the Sports Illustrated cover pronouncing, "Why UM should quit playing football" or something like that.
I don't think Ohio State is going to have their alleged (just kidding) 2003 national championship taken away or anything like that, but if they are cheating, let them pay the price.