Jonathan Handel has another analysis of the DGA deal. Again, let us keep in mind that he's looking at a summary rather than at the actual contract. There are several provisions in the summary that could turn out to be a lot better or a lot worse depending on the details. In any case, Mr. Handel is, unlike moi, a real lawyer and a guy whose job is to read contracts and look for ways in which his client stands to get screwed. So give his assessment more attention than you give mine. And don't make your mind up until you hear from somebody who's actually seen the deal.
Also, see Bob Elisberg. He's not a lawyer and he hasn't seen the actual deal, either. But most of his comments strike me as pretty sound except that I'm not as confident as he is that the WGA would have accepted these terms a month ago.