I think there will be more action to occur later. However, though as sports fans we know something should be done, the legal issues mean investigation will continue before a penalty occurs.
It may well be that he is ineligible for the bowl game.
Also, we don't know what the FBI is doing in this mess, and what they've told the NCAA.
I have absolutely no faith or trust in the NCAA. I know it is very biased toward "name" schools in how penalties are assessed. However, it may well be that there is more going on than we outwardly see, so I'll give them a bit more time.