Not in the sense that he accepted $500 of impermissible benefits and lost 1.4 seasons because of it, but rather that (1) he was unexpectedly ruled ineligible hours before his first game, and (2) there is no indication at all that he will play again any time soon, yet that seems to be the assumption.
The NCAA can drag things on endlessly. Maybe they feel like they've received too much bad press for granting immediate eligibility in unusual circumstances, and want to make an example of an innocent kid (the fact he goes to Miami is a bonus). If Bolden is held out for an extended period, it wouldn't be among the 1000 dumbest/worst things the NCAA has ever done.
No one that has been watching college sports for more than a few months should be surprised if he misses the UNC game. ****, the fact that he already missed a massive primetime game against our biggest rival should be enough smoke to cause concern.