Story at WSJ Law Blog.
I've been worried about this for a few years. We've seen lower LSAT scores for entering students and now we're seeing lower MBE scores. I have wondered if states will lower the passing scores or not. If not, there will be a great deal of pain and the problem could get much worse over the next 3-4 years.
UPDATE: Derek Muller believes that the drop in MBE scores was not portended by LSAT scores. Jerry Organ has thoughts at Legal Whiteboard. (h/t: Leiter)