From the article:
"In [Constellation's] place... NASA will look at developing a new "heavy-lift" rocket that one day will take humans and robots to explore beyond low Earth orbit. But that day will be years — possibly even a decade or more — away."
The 2020 moon return was a decade away anyways. NASA is getting a small budget increase too and this whole thing could open up opportunity for NASA to follow one or more options from their "Flexible Path" which has a series of steps (including some earth science missions) towards getting human beyond LEO again.
I think this could actually be a move in the direction of a better thought out, more useful and more sustainable human flight program.
To me that's a good thing.