Here is the Guardian article on the Trial of the Seven, accused of trying to usurp power.
Here is A1+'s coverage of Ombudsman Armen Harutunian discussing the upcoming trial, including a video with a translated transcript. In classic Armenian fashion, Harutunian gets pissed-off at the reporters (at around minute 2) for constantly asking him to express an opinion about the trial, after he's just gotten done explaining that they have to go through the process and see what happens first.
And here is a new blog dedicated to covering the trial, called Seven on Trial. I wonder if Melissa Brown is the author.
My feeling is that they are going to be found guilty, then be given a pardon or reduced sentences: Sargsyan and Kocharyan need to showcase their "benevolence" while avoiding giving the west an excuse to scrutinize their administration. But we'll see what happens.