I can see the Panthers picking Cam Newton now...another Micheal Vick in Atlanta, from the words of an old coach, and the father of the THEN current Falcons coach, Newton will be a coach killer. Talented enough to win games, but not smart enough to win championships. I think the Eagles will feel that pinch soon too.
Put Vince Young in that group, too. It eventually came down to a decision between Young and Jeff Fisher in Tennessee. So far, they have dumped Young, but Fisher's fate is still undecided. Bud Adams really thought that Young was their franchise QB of the future, but he turned out to be a fragile spoiled brat with little talent.
I agree with your assessment of Michael Vick in Atlanta, but I really think that he is a changed person. He watches film, he can read defenses, he checks down all of his receivers before looking for the run, and he throws the ball much more precisely now than he ever did in Atlanta. Time will tell, but I think he may be able to hack it in the NFL now.
I say good for him!!!! completing his education is a great choice. Professional sports are recuiting a much younger group lately. Let them finish their high school and college experiences before throwing them to pro life.
He's only going back for his Junior season right now. He could still bail before he finishes his degree. I agree with the other comments...you need to go pro while you are healthy and at the height of your popularity to maximize earning potential. There is a long off-season every year for you to finish up your degree if you so desire.