Actually, my point for linking the blog was not to start a debate concerning walk-ons, nor Faulkenberry.
According to the blogger (Faulkenberry's girlfriend), Bruce Read called Faulkenberry into his office after the spring game. Bruce Read gave Faulkenberry 3 options:
1. Transfer
2. Quit the football team
3. Stay on the team as a passive observer
If the coaching staff is aggressively handling walk-ons, I would guess the coaching staff is aggressively handling scholarship players not meeting expectations. Thus, 3 over scholarships, or any number of over scholarships for that matter, would be handled aggressively and likely would not be a problem to get within scholarship limits. But, it is a guess concerning scholarship players, as I haven't heard about any of those discussions.