Nevermind, it's not clear from the summary, but all of the articles mention this. Yes there is still licensing, no the rules are not as strenuous as a full pilot's license (no medical, etc).
FPV flight is still dead without a waiver. Interestingly, you can fly above 400' as long as you are within 400' of a structure (eg, for remote visual inspection of tall buildings).
Licensing is for commercial operations. Recreation / hobby use remains unchanged.
FPV is fine provided some means of situational awareness (eg. a spotter) is maintained. The wavier is needed if you don't intend to use a spotter.
The biggest disappointment is maintaining the Line Of Sight (LOS) requirement, although with the situational awareness requirement I do see the (gasp!) consistency in the regulations.