After looking at the original piece someone quoted from I Media
A summary of the article would be:
- Cardinal Hoyos officially signed the decree of erection of this institute of the Good Shepherd today
- the Institute has been setup with former members of the SSPX and not per se the SSPX itself
- this does not involve the Bishops of the SSPX from what the article says; the SSPX continues to exist, but they hope it will draw some of its members into it.
- the Superior General of this new Institute is purported to be a Fr. Philippe Laguérie
- the headquarters of this new institute is purported to possibly be in Bordeaux, France at the church of Saint-Eloi.
- Cardinal Hoyos will be performing the first ordinations of the seminarians whom are part of this Good Shepherd Institute which also includes some priests.
- the new institute will of course use the 1962 liturgical rites.
- the new institute will operate in a way to setup personal parishes the use the traditional liturgical rites; one quote seemed to suggest the Holy See was saying the manner of functioning of this institute would satisfy the original demands of Archbishop Lefebvre, but I cannot be certain.
There are some important quotes that are being made in the original piece I saw (in French) which could be significant; the piece I saw came from 'Le Forume Catholique' (thanks to a reader pointing it out this morning.) but I did see the story was on I Media as reported, as well of course as CWN.