I'll start it off! Because, unlike most of you lucky folks who's son's won't have to blink an eye because they are good students etc. (I'm envious) there are/must be parents like me who send there son off to school hoping they'll "mature" -- get it -- or finally realize they've got to buck up.
Hope springs eternal. 
What occurs to me is whether this will drive schools to somehow do more than they are already doing to increase graduation rates. IMO I think they are doing enough already. Or, will schools begin to not recruit the marginal student even though his talent is considerably better than the alternative.
Personnaly I think the schools will soon lay off the marginal student because I think most of us would agree that success in school is mostly the result of resolve on the part of the student. There are cases where kids want to do well but have learning problems/ emotional issues under the surface. Unfortunately these kids (if it's known) aren't often identified to the school for fear of upfront rejection, or if it's not known, can't really be helped much at the college level.
I don't want to rant anymore so I'll say in my opinion the JUCOs will load up even more and D-1 baseball talent will be much less than it is right now.
Here is an article that helped drive the decision. Note 2/3 of teams in the NCAA tourney would not be eligible if they had to graduate just 50 percent of their players in SIX years. http://www.widmeyer.com/archives/2005/06/knight_commissi_2.php
My question, if six years is the new standard to graduate, and I think that's a fair amount of time. Why not give kids 6 to play 4 rather than 5 to play 4?
NCAA is again unrealistic in their expectations of student athletes.
Analogy -- If you saw a man carrying one hundred pounds on his back about to be matched in a race with a man with nothing on his back would you "handicap" the race -- give the guy carrying 100 pounds a headstart?
I would, but the NCAA will not, their attitude is - if the guy is willing to race with a hundred pounds on his back then he has to race from the same place as everyone else.
Never mind that guy is carrying the 100 lbs. in part to help the race promoter (NCAA).
The saddest part of any of this or anything else about the NCAA. There is NO CHALLENGE authority for a student, group of students, parents, or any other part of america. The NCAA is untouchable as ruled by our courts.
So what is the NCAA really? They are the University Administrators Gestapo! College Administrators, educators frustrated or jealous, or unable to have power over their athletic policies within their schools because of the politics of alumni giving related to athletic excellence, can group together and hide behind the NCAA to enact decisions.
Well I feel better already -- sorry for the long post!
