I know "not guilty" doesn't mean "innocent" but I honestly think Michael wasn't the horrible pedophile most people made him out to be.
The case where the family settled for 20 million dollars or whatever was already suspect because the father of the kid tried to extort money from Michael before even going to the police. Apparently there wasn't even enough evidence to support a criminal trial, so the family resorted to a civil suit, which was settled out of court with the 20 million. It wasn't hush-money, as many people seem to assume.
And yeah, you can blame the outcome of the other trial on the prosecution or anything else, but Michael was still acquitted, so there you go...
He was obviously a nut-job, and surrounded by people who leeched off him (like Uri Geller) and didn't try to help curb his eccentricities, but it just never really seemed like he was a child molester.