While in the process of making this post I was told that the Indiana News Center has just broken the story that Ken Neumeister is stepping down. Looks like I was about 5 minutes late.
I was also told that the report states that Cathy Hawks is now publicly supporting
It's not up on their website yet but when it is I'll link to it...
Update: Looks like Mike Sylvester already had a post up on this.