The owners and players have released a joint statement in response to today's 8th circuit court ruling.
While we respect the court’s decision, today’s ruling does not change our mutual recognition that this matter must be resolved through negotiation. We are committed to our current discussions and reaching a fair agreement that will benefit all parties for years to come, and allow for a full 2011 season.
Basically, they agree that this doesn't change much. They have to reach a deal either way.