I am not thrilled with this contents of this speech but I am (surpisingly) not totally disappointed.
I see enough wiggle room there to allow for the base to have the ability to have the amendments we want and still keep the left disapointed. (ie kick out the increase in the family importees, kick out the restoration of anchor babies, kick out the dream act, put in a full "barrier")
I will be voting republican in the fall. That has not changed during the entire immigration debate.