The agreement includes a commitment to a fixed Parliament: so the next general election date should be already set for the first Thursday of May 2015: personally I would prefer an October electoral timetable, but May it will now have to be. It includes provisions for a referendum on AV for the House of Commons and to address the constitutional problems that Labour has left with its partial devolution set up. It contains detailed policy agendas for education and the economy.
It is only a start, but with Liberal Democrats not merely providing a critique, but actual and substantive proposals, it is also a challenge to the party: can the new more collaborative and open politics we propose actually function in practice?
The British people will be waiting to give a verdict, but it will be over the full five years that the judgement must be made, not the absurd hundred day timetables that the media likes to insist upon.
We must hope for the best and trust our new leaders- though perhaps only for as long as they can demonstrate that they deserve that trust.