Here is one take from Progressive Involvement:
This is obviously a reflection of Pope Benedict continuing to try to re-invigorate the Catholic Church’s position in Europe by rallying conservatives–nothing new there. The Pope appears to be handling the secularization of Europe by ever more strongly asserting an ideology that has already been rejected. Instead, he seems to think that the best way forward for the Roman Catholic Church is to hunker down with conservatives and ride out the modernist storm.
The move will make it easier for the Anglican Church to ordain woman bishops. Revanchist elements in the Anglican Church continue to oppose even women priests, let alone gay priests (of which the Anglican church has many). If they go to Rome, then those who favor reform in the Anglican Church will, proportionately, gain in influence.