I know many of us were against this, but it looks like they did this deal right (semi good for US).

1. Delayed until March 2008
2. No sabatoge within the United States by EU carriers. However, US airlines can fly intra-europe.
3. Foreign ownership is still limited to 25%.
4. Big winners are Delta, Continental, Northwest, and US Air.
5. Big winner is the 787. Open skies will surely bring on more 787 type low volume, long range routes, and will probably negatively affect the A380 type routes (high volume hubs that were limited in capacity (Heathrow)
6. Growth in the number of passengers crossing the Atlantic (estimated an extra 25 million over 5 years, for a growth of $16 billion dollars and 80,000 employee's.

Again, we may still argue if open skies is good or not, but at least this agreement was the best the US could have gotten assuming that open skies would have passed.