Here's my prediction.
The testimony will be just as damning as we've all been expecting
The MSM, outside of Fox perhaps, will merely report that there were hearings, and that the testimony "has the potential" to cause some political headaches for Obama and some concern for a Hilary presidential run
The MSM Pundits will then circle the wagons and repeat how "long ago" this was, how it matters not any more, since Obama won re-election, and that we need to all just "move on" so Obama can "do the work of the American people"
And the public will go back to watching baseball, going to work, paying their enormous tax bills, and settling in for the greece-like econimic crash that our debt is going to take us down in
(not to mention how if under a similar scenario, the left & MSM would be demanding resignations from the State Dept, CIA, and demands for impeachment procedings, given the amount of lies used in covering this up......IF this were a Republican President and his administration)