Spectrum Auction Raises $19.6 Billion, but What Happens to the Wireless Microphones in the Bands that were Just Auctioned?

The recent FCC spectrum auctions netted $19.6 billion. In essence a group of companies paid for exclusive licensure of several bands of the public airwaves. Which begs the question, if they have exclusive licensure (guaranteed by law and by the enforcement powers of the FCC), what happens with all those wireless microphones currently operating (both legally, but mostly illegally) in those bands?

The only solution is going to be that they will have to vacate those bands -- thus far, there's been nothing but silence on the issue. Personally, I plan to grab some popcorn and watch how the telcos and FCC deal with the problem. Meanwhile, devices are, even today, being sold that use this band -- basically, it's pirate radio equipment being manufactured and sold by major corporations. This is going to get interesting.