The Holy Father published the Apostolic Letter Summorum Pontificum given Motu Proprio yesterday. This Apostolic Letter gives priests of the Latin Rite the permission to say the Traditional Latin Mass according to the Missal published by Blessed Pope John XXIII in 1962 without needing permission from their local bishop. It also lays down generous stipulations for the celebration of the traditional Latin Mass with the lay faithful who request it (the official Latin edition is available here; the unofficial English translation is available from Rorate Caeli here).
I have refrained from commenting on this matter; stories of the Letter's publishing have been circulating in the media and on the Internet for over a year. Now that it has been officially published, I wanted to comment on it. While I am not qualified to interpret the content of the Letter in depth, I do want to express my gratitude to the Holy Father for his faithful and generous care of his Traditional flock. I do predict that this will be a great boon to the Traditional cause. I have had my doubts about Benedict's papacy so far, but he has come through for Traditionalists with this Letter. Obviously he knows what he is doing.
Orémus pro beatíssimo Papa nostro Benedicto. Dóminus consérvet eum, et vivíficet eum, et beátum fáciat eum in terra, et non tradat eum in ánimam inimicórum ejus.--Let us pray for our most blessed Pope Benedict. The Lord preserve him and keep him alive, that he may be blessed upon earth ; and deliver not thou him into the will of his enemies.