Yes. The "traditional" marriage will remain sacred (set apart) from other relationships.
i was very surprised that social conservatives did not latch on to the vermont solution as a good compromise. as you say, it won't be long before they are not in a position to compromise. i think it exposes the meanness of some in that group that they are not content to simply perserve their socio-religious institution, but are bent on keeping gays a stigmatized and even criminalized underclass.