We now have an answer--no.
As crazy as the notion sounds there is actually some logic to it had they decided to go ahead and sit him down..
Lets say the investigation lasts three weeks into the season and the Aggies win all three behind more of the same Johnny Football magic. Should the NCAA rule against him the team would be forced to forfeit all three games.
Not a good thing if you are hoping to end the season ranked and in a good bowl game.
At the same time, had the school opted to sit Manziel there are some that have said it would appear as if they don't believe in their young QB. John Sharp, A&M's Chancellor, has made it pretty clear the school is behind Manziel.
So breathe easy Texas A&M fans. It looks like you'll get to see more of this in the near future.