It's more than you hope. It's precedent to counter more Kelo vs. New Londons except on the federal level.
You all who say this means nothing: imaging Bill Clinton, of Waco fame, with the precedent of Kelo vs. New London in his chubby, greedy hands.
As for gun rights, exactly WHAT has the president done to take away your gun rights? Hubby's and my guns are still all here. Did Bush steal your guns? Maybe using eminent domain?
Not the point, which is: that having 'talked the talk' on RKBA, he hasn't 'walked the walk' of doing something about the abuses of it which he inherited. In fact, it was Bush's Justice Department which argued for overruling Emerson.
Likewise, examined in detail, this latest EO is more high rhetoric that amounts to nothing. It's another cynical bit of lip service aimed at the base.