The investigation by the special prosecutor will take a long time. There are a lot of dots that appear to be connected between trump people and russia. Figuring it all out (assuming that there actually is something to figure out, which appears likely but is certainly not a given) will take much effort. Possibly until after the midterms next year. Depending on what, if anything is found, we may end up with a watergate scenario where the VP has to resign and then the P. In my perfect world the VP and P have to leave simultaneously. After the democrats have taken over the house and selected a new speaker...

As for the press, I personally feel like they've been doing what they've been doing because of a sense that the government people who should be doing the investigation were doing anything. Hopefully now that we have a legitimate special investigator the freakout will calm down. Although heaven knows that trump doesn't seem to have the Nixonian temperament to sit back and stew quietly as this whole process progresses so who knows what sort of fireworks will pop up on a day to day basis.