Certainly specific enough for most normal people to be alarmed and then notify proper authorities.
How they still could stand the sight of Sandusky and be anywhere near him after hearing even an inclination of something like that, I’ll never understand.
If you've been following this since Saturday (I live about an hour or so from campus, so its been pretty much 24-7 around here), you saw a gradual shift in the focus of the coverage from Sandusky to Paterno. And your statement above explains why that happened, and, I believe, why Paterno is gone right now.
What is truly puzzling is that Paterno testified to the grand jury over a year ago, so he and school officials knew that this was happening, and that Paterno's statement would become public knowledge. But their response this week made it seem like they were caught completely off guard.