The DOJ's revised MS breakup policy remains committed to a two-way breakup of the software giant. Slight changes were made to the previous proposal, but no major modifications were included, despite Judge T.P. Jackson's praise of an alternative proposal to break MS into three companies.
Appeals can delay the final implementation.
The original proposal gave MS a much shorter time period to work in. There are more details on how the two companies can deal with each other's intellectual property, licensing agreements, etc. These will obviously be strongly affected by the Final Judgment. For more information on the proposal, you can see CNet's article or look at the actual text of the new filing. I'd love to know why the DOJ and the states didn't honor Judge Jackson's obvious preference for a three-way split.