I don't believe it will change the education at all. Its a great school and I hope it will remain that way.
But come on man, sodomy is a lot more than "touching". This is definitely not an isolated incident. Idk if you have been watching the news but there are quite a few kids who were victims over a long period of time. Also when there is the possibility of a cover up that goes all the way up to the President of the University, it does apply to the entire institution. I got a feeling this situation is gonna get really messy. So whether you are applying to Penn state for their undergrad, or for there Residency program, it would be irresponsible not to consider what is currently going on at the institution before you decided to attend there.
Sorry dude, I work too much to follow the news. Which is a shame because I trust everything I hear on the news. Bottom line, you aren't comfortable going there so don't. Let others have your spot.