The actual news, as far as I can see, is that the FBI confirmed an investigation into something by someone having something to do with Russia, but refused to comment.
Then, the FBI and the NSA chiefs both confirmed that a number of serious felonies had definitely been committed.
NUNES: Would an unauthorized disclosure of FISA-derived information to the press violate 18 USC 798, a section of the Espionage Act that criminalizes the disclosure of information concerning the communication and intelligence activities of the United States?Gowdy's second line of questioning, which is too long to excerpt, went through a list of candidates for the honor of having committed that felony.
COMEY: All FISA applications review by the court collection by us pursuant to our FISA authority is classified.
GOWDY: The dissemination of which is a felony punishable by up to 10 years in prison?
COMEY: Sure, dissemination -- unauthorized dissemination.
GOWDY: Unauthorized dissemination of classified or otherwise legally protected material punishable by a felony up to 10 years in federal prison.
COMEY: Yes. Yes, as it should be.
So, in the Russia matter, it may yet prove that someone connected in some way to Team Trump did something wrong. However, it is definitely the case that at least one person in high position committed serious felonies -- and the list of people to investigate is not all that long. Most of them were ranking political appointees in the previous administration.
This is the point at which a smart, thoughtful opposition would ask itself, "Do we really want to have this fight, or might we quietly reach an accommodation that would let all this slide into the rear view mirror?"
I doubt that is what is going to happen here.