It's that fact that has me convinced that PSU must take some kind of action, and do it quickly.
There is nothing that PSU or the NCAA can do that will be anything more than symbolic (aside from PSU paying large settlements to the victims). PSU's football program cannot do anything to make the victims whole. Sitting out bowl games, or losing scholarships, or dismantling football all together isn't a punishment that fits the crime in question.
But PSU needs to expunge the numerous ways they honor Paterno around that campus. They need to wipe the record books clean so that the wins that motivated his inaction are no longer counted. Doing this won't help the victims, but it will show that PSU acknowledges who Paterno was, and what they allowed him to become. It will at least send the message that it should never have happened, and will never happen again.
And as I said before, they should write some VERY large checks. Checks that will keep the victims well-situated for the rest of their lives. There is nothing else that they, or the NCAA, can do that would mean anything.