I'll believe it when LulzSec stops hacking things. Between the spanish police arresting the "leaders" of Anonymous, the FBI meeting with Aaron Barr to learn the identities of the "leaders" of Anonymous, and LEAs the world over generally not understanding this newfangled Internet business, I have precious little faith in their ability to actually get the people responsible. The only people who've been arrested so far were those who used LOIC.

It wouldn't surprise me if Ryan was hanging out in the LulzSec irc (hundreds did), or even if he was involved in a couple of the attacks. LulzSec has made no secret of the fact that they regularly get other people to do a lot of their attacks, and that they publish information given to them by others.

It's a lot sexier for the british police and the FBI to say they've captured a ringleader than "some guy loosely affiliated with", but I highly suspect he's the latter, if anything.