The insanity never dies: but there's at least one positive development: the UCF students at the heart of it all will not be expelled.
Now, one would think this would be a given: it's a public university, and any disagreements a student might have with a local religious group should not affect his status, unless he attacks someone or something (and NO, mishandling a host does not count as an attack on someone). But apparently the school's rules provide that if a complaint is raised using certain channels, the University has to hold a hearing and review the issue. This they have done.
As kind of a appertif' to the whole frenzy, Sastra weaves a rather apt analogy over at Pharyngula which is worth a read.