The hemorrhaging continues. These are just the donations they can track down:
Notre Dame alumni who are upset with the university's decision to allow pro-abortion President Barack Obama to give this coming weekend's commencement speech and to give him an honorary degree continue to withhold their donations to the Catholic college.

In total, pro-life alumni and donors who feel disenfranchised by Notre Dame's decision have decided to withhold nearly $14 million in gifts they normally would have given.

David DiFranco, a Michigan businessman and 1995 Notre Dame graduate, told LifeNews.com on Wednesday that the ReplaceJenkins.com web site for disgruntled alumni has received over 1,400 pledges to withhold donations within a month since its launch. (LifeNews)
I'm not sure if I'd call these folks "disgruntled." "Principled" sounds better to my ears.

But all that doesn't mean some sort of political game isn't in fact being played – for instance, this very shrewd one that George Weigel points out:

"The Obama administration is full of very smart political operators. Reading last November’s electoral entrails, they’ve sensed the possibility of driving a wedge through the Catholic community in America, dividing Catholics from their bishops and thus securing the majority Catholic vote Obama received in 2008. And they’ve shrewdly judged that the soft underbelly of Catholic resistance to the Obama administration’s radical agenda on the life issues is composed of Catholic intellectuals, their prestige institutions (like Notre Dame and Georgetown), and their opinion journals—the very people and opinion centers who claimed last year that Obama was the true pro-life candidate. It’s a clever move on the political chessboard, and barring extraordinary actions from the bishops, it will likely meet with considerable success."