So many good points in this thread. My thoughts...
1) There is great potential for abuse by boosters and schools
2) The NCAA has not made it at all clear how this will be implemented or (more importantly) policed
3) As flawed and imperfect as this may be, it is (to me) far better than continuing to force these players to make no money for services that are clearly worth a tremendous amount of money
We can wring our hands over #1 and #2 all day long... and I am happy to join in the concerns raised about both of them, but I see #3 as the most important thing that had to be addressed. The system was fundamentally flawed and unfair under the old rules. It was a system that gave all the money and power to rich Universities (and their highest paid employees) at the expense of gifted young men (and some women) who generally came from less advantaged families. Now, finally, we have a mechanism for giving tangible compensation to those previously powerless young athletes. I see that as an exceedingly good thing.
Is this change perfect? No, not even close. We can have endless debates about how imperfect it is. But it is far better than what existed before. In that regard, I am quite happy to see this happening. Long overdue.