On first impression this speech says a lot of very important things, and probably bears some careful analysis. It has none of that mucous-coated Clinton blather. Bush didn't pull any punches at all about past history -- e.g., past sins of Russia and Germany; nor did he mince words about what he likes, dislikes, and where we're going. He called for honesty, and he started off by using it.
It'll be interesting to see how this speech, and what it says, play out.