If you haven't heard or read much about the story, I'd suggest these links:

Original Yahoo! Sports Story

Ted Miller on Lyles

Collection of reactions to the news

Spending some time reading these, I've already got a headache.  It seems that both parties have already begun changing their stories and are likely feeling pressure from the other (as well as the media).

Personally, I'm usually partial to the "NCAA recruiting rules are insane and unfollowable" mindset, but it this case seems potentially more incriminating than a free tshirt or dinner.  Oregon claims they were paying only for a recruiting service; information on high-impact recruits like Seastrunk and James.  It's hard for me to believe that Lyles didn't act as a booster by guiding players to Oregon. It's unclear whether Lyles' personal relationship with the players in question began before or after the "scouting service" was provided; if he already had a personal relationship with the kids, it's going to be very hard for Oregon to suggest Lyles wasn't acting as a booster.  

I know local Seattle radio stations are ready to pounce on Oregon, labeling the Ducks cheaters and liars.  I hate the "where there's smoke there's fire" idea, because I think it unfairly deems someone guilty until proven innocent, but it sure seems like the NCAA investigation will be tough on Oregon.

Obviously, the fellows at ATQ are quick to point out the gray areas in the pertinent NCAA bylaws (complete with some additional news links).

I'm curious to hear the opinions of fellow Cougs on the topic.  Your thoughts?