It isn't a decision by the Federal High Court, therefore it isn't binding. It sends a strong signal, though.
Apparently the consumer protection group has gone over to the dark side by withdrawing its application for review by the Federal High Court.
I do have some sympathy with the publishers. You do see used hardcovers of bestsellers up for sale a few days after initial publication. If you were able to sell on ebook licenses you would probably see that happening some hours after their initial publications with no real way to check that there aren't multiple sales of the same book.
However, it's a pyrrhic victory. The more restrictive the licensing agreements, the less people seem to care about them.
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