The fines are based on violation per employee. On that basis they are not excessive. The total is the result of collective violations.
This is not over. The Supremes turned it down and the ruling of the lower court stands. It will be refiled on a stronger basis.
The ruling turned down a request for an injunction. That would not resolve the issue one way or the other and might actually confuse it.
That is my interpretation of what I heard on the news
Only one judge turned it down. I believe it was Sotomayor who refused the injunction. Based on a similar case where the Feds tried to push a religious school around, I don’t think the court will side with Obama. He lost that case 9-0.