There are some strange elements to all of this stuff that I don't understand, and they all involve the fans.
1) Why do the we care that the players are amateurs? (And even stranger, why are we okay with an education as compensation for being good at football and basketball and not okay with money?)
2) Do any of us actually care in any real sense that the players are getting an education, or does it simply make us feel better about a corrupted system? The only times education ever comes up in conversation about "college" athletics are when you brag about how many athletes your school graduates or make fun of another school for not graduating enough/any players.
3) Why do we take the side of the institution over the kids? I can't think of anyone who sided with Terrell Pryor over the school. We fans cheer for the kids until they do something that might potentially harm our favorite team.(unlike Jim Tressel, who went down with his players).
Also, here are a few interesting reads about this topic. I was particularly amazed at the estimated "value" of the average athlete to their schools.