My take on Coach Cal is actually very similar to yours FOT-he's probably not any dirtier than many other coaches plying their trade in college basketball and I'm sure there's more than a few who could teach Calipari a few tricks.
That all being said, the Bledsoe brouhaha seems like it should have been seen miles away. Several schools/coaches (including Minnesota/Tubby) backed off when they got a close look; certainly not because of his talent, nor does it seem character concerns, but rather an extremely weak/suspect transcript. Taking Bledsoe into your program seems like you would be begging for scrutiny, whether the Clearinghouse cleared him or not down the road. Kentucky fans and Calipari boosters can bemoan the unfairness all they want, but with Cal, undeserved or not, that's part of the package. And frankly, Cal's been around long enough to know that Bledsoe was a big risk (and please save the "trying to help a kid out who has had a tough life" angle-it may be true and I'm very happy that Bledsoe has an opportunity to secure his family's security for generations, but Coach Cal ain't operating a charity foundation-Bledsoe wouldn't garner a sliver of attention or sympathy from Kentucky basketball if his talent wasn't what it is)
When Cal was hired by Kentucky, I thought it would be the most fascinating college basketball soap opera to occur in years and I haven't been disappointed. I see CBS just canceled As the World Turns, they could fill their open slot with Slick Cal and Kentucky basketball and get boffo ratings. It remains to be seen how long this show will last-the intense media attention that Kentucky attracts along with the living caricature of the slick, hustling basketball coach screams constant pressure. Storylines since the B & W era tell us that the grand hubris of the cunning and powerful will receive their comeuppance; and with Kentucky BB and Coach Cal, the media's quite happy to still operate in shades of black and white. There's no gray to this story-hoops obsessed, win at any cost program + shady looking/fast talking/questionable connections head coach=easy villains.
Again, is Coach Cal a villain? Probably not any more so than many/most of his peers, but he's probably enough of one to eventually have the walls come crumbling down while he operates in one of the centers of the college basketball universe.