keep in mind this -- Apple's probable cause of action is purchasing "stolen" property, IF the DA can make out the case based on the facts. Making out a criminal or civil case for publishing the details of the phone is going to be very hard for Apple, IMO. this is not a case of someone breaking into Apple's facility, stealing the phone, then selling it. Apple knowingly and willingly let that phone off the premises, going so far as to try to camouflage it to look like a 3G. At that point, it's going to be hard to say their trade secrets were misappropriated because a key element of that is demonstrating "reasonable care" to protect those secrets -- allowing the phone off campus in the hands of a 27 year old software engineer doesn't sound like "reasonable care."
It's perfectly legal to take apart a product, photograph it, write about it, and publish it (ask Motor Trend, Popular Mechanics, etc). Patents only restrict others from manufacturing or selling an similar product. Plus, say what you will about Gizmodo, but anticipate that 1st Amendment protections will apply (anyone old enough to remember the Pentagon Papers?).
So, at the end of the day and assuming there's not more to the story, the DA has to prove, beyond a reasonable doubt, that Gizmodo KNEW the phone was stolen, and that's a high standard, legally-speaking. If convicted, I suppose Mr. Chen could be looking at up to year in a California prison. Frankly, given the shape California is in, I find it hard to believe the DA is going to press this without some really clear evidence of significant wrong-doing beyond "typical" journalistic zeal. Let's remember, this all started with Apple sending this phone off campus with a junior level employee.