Don't have much to say about it, other than he's the obvious (and easy) scapegoat. I fear Gulati will find it very difficult to hire a better replacement. I'd be shocked if they could actually convince Klinsmann to take the reins. I'd be less shocked if they were able to nab Marcelo Lippi.
UPDATE: The choice is Jurgen Klinsmann. http://www.soccerbyives.net/soccer_by_ives/2011/07/klinsmann-hired-as-usmnt-coach.html
I'll have more to say on the subject later today (for anyone who's interested). For now, I'll say that it surprises me Gulati and Klinsmann were finally able to see eye to eye regarding the role of the senior team manager. I think most folks will assume that Gulati changed his position, but I'm not sure that's the case. This move leaves Reyna in charge of youth development, and I think Reyna still answers to Gulati, not Jurgi. We shall see.