Words to the effect that border security reaquires a guest worker program are prima facie evidence of an intent to deceive. I see no reason to wait for implementation to draw a conclusion, and act accordingly.
What scares me most about this speech is that the folks over at DUh are having a tough time trying to find anything solid to bash Bush on. They are resorting to older, previous slanders rather than anything derived from this speech. In other words, they seem to like what they hear.
Be afraid...