I have an overview and some thoughts over at NixGuy, but here's a good summary of conclusions:
A. ZBB wouldn't be on the radar if Petro had won.
B. ZBB has a long track history of successes and failures. If it is to be done, it needs to be done intelligently and can be a good idea, but not a magic bullet. There are no magic bullets.
C. Regarding the TEL deal, Blackwell is getting a lot out of the legislature and he isn't even governor yet. This bodes well.