What it means, in essence, is more writers will be able to be read ... and make a little money for their efforts. I think a lot of the acrimony being flung at self-publishing (and I can count two negative posts for every positive one in the self-publishing forum) and small press is based on fear. Change is scary. Things are changing.
For me it is not fear. I want to write, period. I do not want to get into the business of publishing, which I would need to do in order to make a success of self-publishing. I want an editor whom I am not paying directly to say
I LOVE your book, and I want other people whom I am not paying directly, and not having to monitor, to take care of getting it to the public while I write the next book. I don't want to have to keep accounts. I don't want to put money (which I haven't got) up-front to pay these specialists. I want advances, so that I can write. I don't want to have to constantly self-promote, dropping my book's name into every conversation on-and-offline. I want to do as I have been doing till now: get up early, put in my two or three hours of writing a day before breakfast, and then get on, relaxed, with the rest of my life. I utterly loathe the idea of doing it all. It's not for me.
I don't mind having a smaller piece of the profit. I love the people who work in publishing, as they all seem to love books. I remember walking through HarperCollins in the early days and all these smiling faces in all the departments, people holding out my first novel for me to sign for them. I don't want them to lose their jobs. I think a lot of writers, people who love writing but aren't too keen on the business side of it, or the mechanics, think like me, and as long as that's the case there will always be publishers.
I also think that all the talk about being in control of the process is just that -- talk. Once the book is "out there" you have totally lost control, and that's when it matters most. You cannot control what readers read, and even if you pull out all your arms and legs promoting your book, if you haven't delivered that certain something that makes readers choose
your book over others, it was all for naught. I want ALL my energy (in the time alloted to the processs) to go towards
writing the best books that I can.
So, self-publishing might be for some people, and good luck to them. It's not for me, ever.