No...this will not go away. Rightfully so, perhaps. But it is important to note that every single teammate of Rashad McCants has denied this story and has denied McCants' claims. They denied him as a person midway through that Championship season. Because this was published today it needs to be known that CBS had a story up yesterday detailing the statement released and signed by his teammates.
If this story isn't going away based on the notion of the "smugness" or "arrogance" of North Carolina (is it an easy school to get into?...didn't think so) it seems that way because of those exact comments. People feel that way. Those people love this story.
The university had a federal prosecutor conduct an internal investigation. When does it end? It doesn't. Articles like this and the one in the News and Observer keep it going because they deem UNC as smug and arrogant.