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Completely watered down version of what they wanted.
Nothing will change.
It doesn't outright state that online gaming is illegal, but it does outlaw the payment of gaming implements through banks and credit card companies in the United States. I have not played at any place that accepts credit cards. Any place that does accept credit cards from U.S. citizens goes on my shady list right away. I don't have my bank directly linked to any poker-room, so that won't be a problem either.
The biggest effect this will have on me, IMO, is that a casual player likely won't "jump through hoops" of opening up a neteller account to place their funds in, where before, they could use their check card. Or they will be scared they will be breaking the law, which they won't be.
Which in turn will mean not as many shitty players will be playing and easy money harder to come by.