I really thought that Bush was going to Pardon Everybody and their mother. The highest profile action he took was the commutation of the Prison sentences for the 2 Border Patrol Officers.
Link
As of this writing, Bush confounded critics who had predicted that the White House would hand out commutations to CIA interrogators, former Bushies, the rich and famous and corrupt politicians who got caught. Politico.com listed 10 "pardons to watch for" - including Ramos and Compean, as well as a full pardon for Libby, former Attorney General Alberto Gonzales and a former aide, and junk bond king turned ex-con Michael Milken. It turns out, Bush freed the agents, but did not issue a blanket amnesty for cronies, rich crooks and crooked pols
I see this as Bush's way of showing the world that our Newly elected dems do not have the gall to hold him to account, even after 8 years of abuse and misuse of power. Will we hold them accountable for their criminal incompetance?
I really hope so.
(edited for accuracy, senctences were communted not pardoned)