There's no way Paterno gets through this mess without losing his job. Think of what just happened with Tressel at Ohio State. Paterno may have technically done what he was "supposed to do" -- reporting the incident to his superior -- but the fact that he didn't handle the situation with more vigilance is disturbing given he knew what he knew.
The more information that surfaces about this sick and twisted scandal, the closer Paterno gets to receiving his walking papers. This is a disturbing and horrific story. The AD is gone. Paterno is next.