http://blogs.wsj.com/dispatch/2012/07/23/penn-state-alumni-and-others-react-to-ncaa-penalties/?mod=e2tw As you can see in this article, NCAA vacated all Penn State wins from 1998-2011, reduce ...
I believe the penalty not harsh enough. The university should be totally barred from all sporting events and every last person involved in the cover up should be prosecuted, kicked off campus and never allowed back in any learning institution in the future. As far as it not being fair to the other students, well boo-hoo; it is not going to ruin their lives to do without football games for a few very short years.