Yeah. Extremely huge news. Good news. Maybe 5% up ? I think even less.
No, it's extremely good news. Short term it could mean 5 or 30%, I don't know, but it's extremely good news for bitcoins generally. It adds big wtf factor to people on the fence and people who don't understand bitcoin. When you hear even remotely good news about bitcoin coming from Paypal, Western Union, Moneygram you ask yourself some questions. Either you're buyer or potential merchant.
It's looong way til Paypal recognition would become a fact of course but any tiny bit helps at this moment of bitcoin history.
And again I'm not a bull at all, specially not typical bitcointalk aggressive bull sucker.