It tells me that McQueary said that he told Paterno that Sandusky was raping the kid. That McQueary said more he told Paterno more than he saw 'fondling' and maybe something inappropriate of a sexual nature.
And that Paterno had creditable reason to know something worse happened than 'fondling.' And still, he just reported it to Curley. And when nothing happened to Sandusky and Sandusky was still around with little boys, Paterno did nothing.
That's that it tells me.
If it doesn't tell you that, then I'm glad you still have more respect for Joe Paterno than I do. You're somewhere closer to where I was on Sunday, when JoePa was the only coach I respected in NCAA football.
I don't understand that part of your post at all since I have posted many times here (and also to you, I think) that Joe knew everything and was getting a pass from the DA at this time because he had agreed to testify against Curley and Schultz. The only way his testimony is any good is if he was a party to conversations in which either he told them or heard McQueary tell them the actual details.