This action by the Holy See opens the way for the reception into the Catholic Church of at least 400,000 Anglicans who in 2007 had requested full visible communion with the Catholic Church. This is one significant step in healing the schism that took place under King Henry VIII in the 16th century, separating Anglicans from the Catholic Church for now almost five hundred years. As a former Anglican myself, I'm delighted by this news. For all those praying and working for the reconciliation of all Christians in full visible unity, this news is a cause for celebration.
UPDATE: The Primate of the TAC responds.
UPDATE 2: Video
H/T: Kansas Catholic