Some people are dismissing the win erasing but that's quite a demoralizing blow to any franchise, especially one as hallowed as PSU football. As someone who grew up watching the Fab 5 and loving those players, having all those wins erased by the NCAA was quite depressing to me at the time. The memories remain, but it's weird going to the stadium and not seeing the banners you once saw as a kid; it's a never ending stain on the program. Good move, and even more welcome considering some of the batshit stuff PSU alumni have been saying over the past few months.
The scholarship loss and bowl ban will effective kill recruiting for more than the four years it's in place.