First of all I think, its overwhelmingly likely, cheating took place based on all the circumstantial evidence, which has already been digged out by the poker community itself. His unrealistic winrate, the fact he seem to almost never be wrong, his motions at the table, his hat, and so on and so forth.
Second I think, that cheating has always been a part of poker, and its just kind of human nature. There will always be someone willing to take a short-cut, when money is at stake, that matter to them. So this is not the first neither the last time, someone has cheated.
Finally I think, its good, that this has now been exposed, and that there will be an investigation. And frankly until that investigation is concluded, I will advise people to stay away from streamed cash games.
We dont yet know, how this was done, and therefore we also dont know, if this is a 1-off, or if other people have been doing the same in this or even in other streams. The poker community need some real answers to the more technical part of this, before streamed cash games can again be considered safe to play in.
Finally I think, this highlight the need for poker players to always be vigilant and protect themselfes. If you feel, something fishy is going on at your table or in your game, then just leave and stop playing, even you are not sure and has no real evidence.
There is someone, who posted a video on Youtube about 6 month ago titled "avoid Mike Postle" after playing in the stream. He played in the stream and apparently felt, something was wrong, and then not playing any more is the obvious and clever thing to do.