TPM says "Obama Declares End To Global War On Terror."

That's the headline on the front page, linking to an article with the headline "Obama Defends Drone Strikes But Says No Cure-All."

So what the hell just happened? A big deal or almost nothing? I assume Obama wanted to appease the doves, but are they appeased and, more important, should they be appeased? I feel like TPM doesn't even know what to think. When I heard Obama's articulation of the drone policy, I thought it sounded like he was trying to say something that the left would like, but that in fact he reserved for himself all the power he needed to do anything he wanted to do, that is, that nothing had changed.