From the motion to modify the injunction:

> The parties have identified reasonable, neutral criteria that third-party stores would need to meet to qualify as “Registered App Stores,” and the parties have agreed on the streamlined installation flow that would apply to Registered App Stores and apps from such stores

So no distributing apps from a store without Google's stamp of approval. This doesn't sound like it is going to address Google's new requirement for all Android developers to register with them before being allowed to distribute apps.

> In addition, the Proposed Modified Injunction specifies certain maximum fees that Google would be allowed to charge—for what Google contends are the valuable services provided by the Google Play store—on transactions in Play-distributed apps that use alternative payment options (either 9% or 20%, depending on the type of transaction)

So you're still required to pay Google fees for in-app purchases if the app is downloaded from the Play Store, even if Google isn't processing the payments.

It'll be good to have third party stores available globally, and it's better than what Apple's doing for sure, but the developer registration requirements coming soon are still a step backwards, and those unjustified middleman fees are still going to suck.