That's not my beef at all. First and foremost, I think it's a sham. What graduate program does Wisconsin have that Maryland (or North Carolina State) doesn't have? Second, what level of course load does the player transferring have to maintain? Is it a full academic load? If not, that would be strike two for me. Lastly (and I am dating myself here), I think this promotes an unhealthy concentration on an individual player over a program as a whole. That may make me old and provincial, but it's how I feel. The higher plane of individual has a place in this country (always has), but this just goes to almost a level of worship.
Russell Wilson seems to be a good kid and I don't hold anything against him personally. Badgers played within the rules to get him, so my disdain for the rule is not about that. And, for the record, I'd feel the same way if the Gophers got a kid in a similar situation to Wilson, Crist, or O'Brien.