It'll take many years for him to recover from where he is at the moment and it might be the case that he never does in many people's eyes. The cancer community and his Livestrong work is now all that remains of what Armstrong did right.
Cycling, indeed sport in general, has been deeply damaged by the American, and by those who advised, supplied and turned the other cheek because it suited them as well.
But you know what? The new Lance that tells the truth and accepts his mistakes still has hope because finally he's realised it's OK to be human. That's a person some could, despite the current mess, begin to forgive. It won't be easy though.