It's not quite as bad as you think. They published a very ballsy article in the latest issue of ESPN The Magazine, which has Vick on the cover. It deals with race (obviously) and wonders how Vick would be viewed, or how his circumstances would be different, if he were white.
You can read the article here. Somewhere, Michael Jackson is pissed.
UPDATE: ESPN has removed the photo. It lives on here.
UPDATE 2: They put the picture back.