@Bi-Polar Bear,
I agree with you totally, Bear, that the Blago thing has been woefully overblown by the media. When that other Illinois governor -- what was his name? Sullivan? -- was forced from office recently there was nothing close to this kind of wall-to-wall coverage.
But, as to the why of it -- remember whose former Senate seat Blago was trying to peddle? That's the hook the newshounds are hanging these stories on.