Yes, I've been following the everts, since they were first announced on the Pro Wrestling Torch. I guess it's my inner celebrity rumor-monger.
What Edge did was unscrupulous, unethical, and probably wrong. At the same time, their affair seems be a fully consensual decision between Lita and Edge -- one that will probably have a negative effect on their working conditions, and mess up any chance of an ongoing Matt/Lita/Kane televised storyline.
Having said that, I'm a bit upset about the reports of loud "You screwed Matt/You screwed Lita" chants being directed at Edge, by fans during house shows. I don't think audiences *ought* to be making public judgements about personal decisions that wrestlers make, especially when we've mostly been informed about Matt's side of the situation only.
It hints at one of the fundamental problems with pro wrestling -- if a WWE talent makes a controversial decision as an *individual*, it ends up having an effect on their on-screen *character*. Obviously, the added heat will only help to cement Edge's heel persona, but it's going to cause all kinds of problems for Lita (and, by extension, her storyline "protege", Christy).
Does the Edge/Lita/Matt situation make for intriguing real-life soap opera? Certainly! That's just human nature, really. We're a culture of rubber-neckers. We love sticking our noses where they don't belong. However, when that fascination is tuned into misdirected judgments, we have to start asking ourselves where the 'work' ends and the 'shoot' begins.