Let the school heal, there's no sense in penalizing the football program or athletics.
There is every sense, considering Penn State should suffer civilly (if not criminally as well) for the actions. Which means a lot of money from Penn State will be going to pay the victims and I hope the money comes directly from the football program.
In addition, with this new release of material, I hope the individuals effected by the poor choices of the school's leadership get compensated financially as well, including suits aimed at the late Paterno's estate.
The fat lady has sung and it is time for those responsible to make restitution.